Werner Enterprises (NASDAQ:WERN) PT Raised to $43.00

Werner Enterprises (NASDAQ:WERN) had its price objective lifted by TD Cowen from $38.00 to $43.00 in a report released on Wednesday, MarketBeat reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms have also weighed in on WERN. Stephens restated an equal weight rating and set a $40.00 price objective on shares of Werner Enterprises in a research note on Thursday, May 16th. Evercore ISI lowered their price target on shares of Werner Enterprises from $35.00 to $33.00 and set an in-line rating on the stock in a report on Tuesday, June 25th. Morgan Stanley lowered their target price on Werner Enterprises from $57.00 to $56.00 and set an overweight rating on the stock in a research note on Monday, July 8th. Robert W. Baird dropped their price target on Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a report on Wednesday, May 1st. Finally, Susquehanna reiterated a negative rating and set a $27.00 price objective (down previously from $32.00) on shares of Werner Enterprises in a research report on Monday, June 24th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of Hold and an average price target of $38.92.

Werner Enterprises Stock Down 2.8 %

Werner Enterprises stock opened at $37.23 on Wednesday. The company has a fifty day simple moving average of $36.61 and a 200 day simple moving average of $37.76. The company has a current ratio of 1.69, a quick ratio of 1.85 and a debt-to-equity ratio of 0.45. Werner Enterprises has a 1-year low of $33.12 and a 1-year high of $47.07. The company has a market cap of $2.36 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 6.62 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. Research analysts anticipate that Werner Enterprises will post 1.1 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Monday, July 1st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, July 1st. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Werner Enterprises during the second quarter valued at about $29,000. EntryPoint Capital LLC bought a new stake in shares of Werner Enterprises during the first quarter worth about $43,000. Finally, Innealta Capital LLC acquired a new position in shares of Werner Enterprises in the second quarter valued at approximately $47,000. 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.