Werner Enterprises (NASDAQ:WERN) PT Lowered to $33.00

Werner Enterprises (NASDAQ:WERN) had its price objective trimmed by The Goldman Sachs Group from $37.00 to $33.00 in a report released on Wednesday, Benzinga reports. The firm currently has a sell rating on the transportation company’s stock.

Several other research firms also recently issued reports on WERN. Citigroup started coverage on Werner Enterprises in a research report on Wednesday. They set a sell rating and a $34.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Werner Enterprises from $32.00 to $37.00 and gave the stock an underweight rating in a research report on Wednesday, July 31st. TD Cowen increased their target price on Werner Enterprises from $38.00 to $43.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. StockNews.com downgraded Werner Enterprises from a hold rating to a sell rating in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus lowered their price objective on Werner Enterprises from $39.00 to $33.00 and set a hold rating on the stock in a research report on Thursday, August 1st. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $37.57.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $36.33 on Wednesday. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $43.26. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $36.98 and its 200 day simple moving average is $36.80. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 7.71 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (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 analysts’ expectations of $769.81 million. Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Sell-side analysts forecast that Werner Enterprises will post 0.88 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Monday, October 7th will be paid a $0.14 dividend. The ex-dividend date is Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.54%. Werner Enterprises’s dividend payout ratio is presently 56.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Werner Enterprises by 2.0% in the second quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company’s stock valued at $605,000 after acquiring an additional 328 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Werner Enterprises by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company’s stock valued at $617,000 after buying an additional 414 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after buying an additional 589 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Werner Enterprises by 7.2% during the second quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company’s stock valued at $352,000 after buying an additional 656 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

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.