Susquehanna Issues Pessimistic Forecast for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its target price decreased by Susquehanna from $39.00 to $32.00 in a report released on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on WERN. Stifel Nicolaus raised their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Barclays lowered their price target on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.13.

Werner Enterprises Price Performance

Shares of WERN opened at $29.33 on Wednesday. The business’s fifty day moving average is $33.23 and its 200 day moving average is $36.22. Werner Enterprises has a 12-month low of $28.77 and a 12-month high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.81 billion, a P/E ratio of 53.33 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. Sell-side analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.91%. Werner Enterprises’s payout ratio is currently 101.82%.

Hedge Funds Weigh In On Werner Enterprises

Institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake in shares of Werner Enterprises by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after buying an additional 274 shares during the period. Keybank National Association OH raised its stake in Werner Enterprises by 1.5% in the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after acquiring an additional 305 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Werner Enterprises by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock valued at $1,922,000 after purchasing an additional 359 shares during the last quarter. Bank of Montreal Can boosted its position in Werner Enterprises by 7.7% during the fourth quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company’s stock worth $243,000 after purchasing an additional 485 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 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, 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.