Werner Enterprises, Inc. (NASDAQ:WERN) Receives $37.50 Consensus PT from Brokerages

Werner Enterprises, Inc. (NASDAQ:WERN) has been given an average recommendation of “Reduce” by the fourteen research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $37.29.

A number of equities analysts recently issued reports on the company. TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective on the stock in a report on Friday, January 3rd. Barclays decreased their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday. Stifel Nicolaus boosted their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley decreased their price objective on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

Werner Enterprises Price Performance

Shares of Werner Enterprises stock opened at $34.44 on Monday. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $42.48. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $36.95 and its two-hundred day moving average price is $37.54. The stock has a market cap of $2.13 billion, a PE ratio of 62.62, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.26%. As a group, sell-side analysts anticipate that Werner Enterprises will post 1.31 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.56 annualized dividend and a dividend yield of 1.63%. Werner Enterprises’s payout ratio is 101.82%.

Institutional Trading of Werner Enterprises

A number of institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its holdings in shares of Werner Enterprises by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 274 shares in the last quarter. Keybank National Association OH raised its holdings in Werner Enterprises by 1.5% during the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after buying an additional 305 shares in the last quarter. State of New Jersey Common Pension Fund D raised 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 buying an additional 359 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after buying an additional 475 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after acquiring an additional 514 shares in the last quarter. 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.