Susquehanna Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $35.00

Werner Enterprises (NASDAQ:WERN) had its price objective cut by Susquehanna from $40.00 to $35.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities analysts have also recently issued reports on WERN. StockNews.com upgraded Werner Enterprises from a sell rating to a hold rating in a research report on Tuesday, February 27th. TD Cowen boosted their price target on Werner Enterprises from $40.00 to $43.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Stifel Nicolaus cut Werner Enterprises from a buy rating to a hold rating and dropped their price target for the company from $45.00 to $42.00 in a research report on Thursday, February 8th. Stephens restated an overweight rating and issued a $49.00 price target on shares of Werner Enterprises in a research report on Wednesday, February 7th. Finally, Morgan Stanley dropped their price target on Werner Enterprises from $60.00 to $59.00 and set an overweight rating on the stock in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $44.50.

Werner Enterprises Stock Up 1.3 %

Werner Enterprises stock opened at $38.57 on Monday. Werner Enterprises has a fifty-two week low of $35.02 and a fifty-two week high of $47.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92. The company has a market capitalization of $2.45 billion, a P/E ratio of 21.91, a PEG ratio of 1.06 and a beta of 0.79. The stock has a 50-day simple moving average of $39.70 and a 200-day simple moving average of $39.57.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The firm had revenue of $821.90 million during the quarter, compared to analysts’ expectations of $820.90 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts expect that Werner Enterprises will post 2.09 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, April 12th. Werner Enterprises’s dividend payout ratio is currently 31.82%.

Institutional Investors Weigh In On Werner Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of WERN. Dark Forest Capital Management LP acquired a new stake in shares of Werner Enterprises in the 1st quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after acquiring an additional 410 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Werner Enterprises by 135.2% in the 4th quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock worth $33,000 after acquiring an additional 472 shares during the period. Headlands Technologies LLC purchased a new stake in Werner Enterprises in the 3rd quarter valued at approximately $36,000. Finally, Planned Solutions Inc. purchased a new stake in Werner Enterprises in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds 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.