Stifel Nicolaus Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $39.00

Werner Enterprises (NASDAQ:WERN) had its price target lowered by Stifel Nicolaus from $42.00 to $39.00 in a research note issued to investors on Thursday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Several other analysts also recently issued reports on WERN. Susquehanna cut their price target on Werner Enterprises from $40.00 to $35.00 and set a neutral rating on the stock in a report on Monday, March 25th. StockNews.com raised Werner Enterprises from a sell rating to a hold rating in a report on Tuesday, February 27th. TD Cowen raised their price target on Werner Enterprises from $40.00 to $43.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. Stephens reissued an overweight rating and issued a $49.00 price target on shares of Werner Enterprises in a report on Wednesday, February 7th. Finally, Bank of America lowered their target price on Werner Enterprises from $35.00 to $34.00 and set an underperform rating on the stock in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $44.00.

Werner Enterprises Trading Up 1.7 %

NASDAQ:WERN opened at $35.86 on Thursday. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $38.61 and its two-hundred day moving average is $39.32. Werner Enterprises has a 52 week low of $34.67 and a 52 week high of $47.27. The company has a market cap of $2.27 billion, a PE ratio of 20.38, a P/E/G ratio of 1.06 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The firm had revenue of $821.90 million for the quarter, compared to the consensus estimate of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. On average, analysts predict that Werner Enterprises will post 1.91 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s dividend payout ratio (DPR) is presently 31.82%.

Hedge Funds Weigh In On Werner Enterprises

Hedge funds have recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new position in shares of Werner Enterprises during the 1st quarter valued at $26,000. Blue Trust Inc. increased its position 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 purchasing an additional 410 shares during the period. Advisors Asset Management Inc. increased its position in shares of Werner Enterprises by 135.2% during the 4th quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 472 shares during the period. Headlands Technologies LLC acquired a new position in shares of Werner Enterprises during the 3rd quarter valued at $36,000. Finally, Planned Solutions Inc. acquired a new position in shares of Werner Enterprises during the 4th quarter valued at $57,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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.