Werner Enterprises, Inc. (NASDAQ:WERN) Receives Consensus Rating of “Hold” from Analysts

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $39.25.

Several research firms recently weighed in on WERN. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Stephens reaffirmed an “equal weight” rating and set a $40.00 target price on shares of Werner Enterprises in a research report on Thursday, May 16th. Evercore ISI reduced their price target on shares of Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Bank of America cut their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Finally, Stifel Nicolaus decreased their target price on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th.

Werner Enterprises Trading Up 0.3 %

Werner Enterprises stock opened at $35.83 on Friday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.95 and a beta of 0.83. The company’s fifty day moving average price is $36.37 and its two-hundred day moving average price is $38.58. Werner Enterprises has a one year low of $33.12 and a one year high of $47.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. During the same period in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, analysts forecast that Werner Enterprises will post 1.35 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be given a dividend of $0.14 per share. The ex-dividend date is Monday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.56%. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

Institutional Trading of Werner Enterprises

Several institutional investors have recently bought and sold shares of the stock. Jade Capital Advisors LLC bought a new stake in shares of Werner Enterprises in the 4th quarter worth about $2,118,000. Vanguard Group Inc. grew its stake in Werner Enterprises by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock worth $228,050,000 after buying an additional 48,380 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Werner Enterprises by 14.8% during the first quarter. Congress Asset Management Co. MA now owns 305,501 shares of the transportation company’s stock worth $11,951,000 after buying an additional 39,445 shares in the last quarter. Raymond James & Associates raised its stake in shares of Werner Enterprises by 35.3% in the fourth quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock valued at $7,168,000 after acquiring an additional 44,159 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of Werner Enterprises in the 4th quarter worth approximately $337,000. 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.