Barclays Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $38.00

Werner Enterprises (NASDAQ:WERN) had its target price cut by Barclays from $40.00 to $38.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley dropped their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Evercore ISI reduced their target price on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.29.

Werner Enterprises Stock Down 0.6 %

Shares of Werner Enterprises stock opened at $34.44 on Friday. The company has a fifty day moving average price of $36.95 and a 200 day moving average price of $37.53. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $42.48. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 62.62, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.26% and a net margin of 1.13%. Equities research analysts forecast that Werner Enterprises will post 1.31 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WERN. GAMMA Investing LLC raised its position in Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after buying an additional 514 shares in the last quarter. International Assets Investment Management LLC increased its stake in Werner Enterprises by 2,390.3% in the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,482 shares in the last quarter. KBC Group NV increased its holdings in shares of Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock valued at $80,000 after acquiring an additional 624 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Werner Enterprises during the third quarter worth $96,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

About Werner Enterprises

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.