Werner Enterprises (NASDAQ:WERN) Stock Price Target Lowered at JPMorgan Chase & Co.

Werner Enterprises (NASDAQ:WERN) had its price target decreased by JPMorgan Chase & Co. from $39.00 to $33.00 in a report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on WERN. Stephens raised shares of Werner Enterprises to a “strong-buy” rating in a report on Wednesday, July 8th. The Goldman Sachs Group raised their price target on shares of Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Werner Enterprises in a research report on Friday, July 24th. Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Finally, Evercore upgraded shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $41.08.

Werner Enterprises Trading Down 3.4%

Shares of NASDAQ:WERN opened at $34.15 on Monday. Werner Enterprises has a 1 year low of $23.06 and a 1 year high of $47.49. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -44.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.45 and a quick ratio of 1.42. The business’s 50 day moving average price is $37.11 and its 200-day moving average price is $37.69.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $813.36 million during the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The business’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. On average, equities research analysts forecast that Werner Enterprises will post 1.11 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be paid a $0.14 dividend. The ex-dividend date is Monday, October 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. Werner Enterprises’s payout ratio is currently -73.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Cim Investment Management Inc. purchased a new stake in shares of Werner Enterprises in the 2nd quarter valued at approximately $232,000. Envestnet Asset Management Inc. lifted its position in shares of Werner Enterprises by 24.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,054 shares of the transportation company’s stock worth $1,747,000 after purchasing an additional 7,824 shares during the last quarter. State Street Corp grew its stake in shares of Werner Enterprises by 3.1% during the second quarter. State Street Corp now owns 2,637,086 shares of the transportation company’s stock worth $115,003,000 after purchasing an additional 79,075 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Werner Enterprises by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 29,726 shares of the transportation company’s stock worth $1,296,000 after purchasing an additional 3,032 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Werner Enterprises in the second quarter valued at $65,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.