Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $38.00 at TD Cowen

Werner Enterprises (NASDAQ:WERN) had its price objective trimmed by TD Cowen from $42.00 to $38.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other brokerages have also commented on WERN. Bank of America cut their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an underperform rating on the stock in a research note on Monday, April 15th. Robert W. Baird cut their target price on Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a research report on Wednesday. Barclays cut Werner Enterprises from an overweight rating to an equal weight rating and decreased their target price for the company from $45.00 to $40.00 in a research report on Monday, April 1st. Stephens reaffirmed an overweight rating and set a $49.00 price target on shares of Werner Enterprises in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded Werner Enterprises from a sell rating to a hold rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $42.85.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $35.17 on Wednesday. The stock’s 50-day simple moving average is $37.82 and its 200-day simple moving average is $39.13. The firm has a market capitalization of $2.23 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82. Werner Enterprises has a fifty-two week low of $33.12 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.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The company had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.16%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, equities research analysts forecast that Werner Enterprises will post 1.91 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.56 annualized dividend and a yield of 1.59%. Werner Enterprises’s dividend payout ratio is currently 42.75%.

Hedge Funds Weigh In On Werner Enterprises

A number of large investors have recently modified their holdings of WERN. Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after buying an additional 410 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Werner Enterprises in the third quarter valued at $36,000. Planned Solutions Inc. purchased a new stake in shares of Werner Enterprises during the 4th quarter worth $57,000. Strs Ohio grew its stake in shares of Werner Enterprises by 35.3% during the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock worth $89,000 after purchasing an additional 600 shares during the period. Finally, Covestor Ltd grew its stake in shares of Werner Enterprises by 46.5% during the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock worth $94,000 after purchasing an additional 762 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.