Werner Enterprises, Inc. (NASDAQ:WERN) Receives $39.92 Consensus PT from Analysts

Werner Enterprises, Inc. (NASDAQ:WERN) has received a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.8462.

A number of research firms have recently weighed in on WERN. TD Cowen upped their price target on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group raised their price objective on shares of Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Susquehanna boosted their price objective on shares of Werner Enterprises from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday. Zacks Research upgraded shares of Werner Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company increased their target price on shares of Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, June 5th.

Werner Enterprises Stock Up 0.1%

WERN opened at $46.04 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.43. Werner Enterprises has a 12 month low of $23.06 and a 12 month high of $46.22. The stock has a market capitalization of $2.76 billion, a P/E ratio of -306.93, a P/E/G ratio of 0.90 and a beta of 1.26. The business has a 50 day simple moving average of $41.73 and a 200-day simple moving average of $35.75.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $730.14 million for the quarter, compared to analyst estimates of $812.50 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.Werner Enterprises’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share. On average, equities analysts anticipate that Werner Enterprises will post 1.02 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, July 6th. Werner Enterprises’s payout ratio is presently -373.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Werner Enterprises by 33.8% during the 1st quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock valued at $635,000 after acquiring an additional 5,473 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Werner Enterprises by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock valued at $1,075,000 after purchasing an additional 1,598 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Werner Enterprises by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after buying an additional 401 shares in the last quarter. JPMorgan Chase & Co. increased its position in Werner Enterprises by 24.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company’s stock worth $2,100,000 after purchasing an additional 15,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Werner Enterprises by 159.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company’s stock worth $6,186,000 after buying an additional 138,995 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.