Werner Enterprises (NASDAQ:WERN) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises (NASDAQ:WERN) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $33.00 target price on the transportation company’s stock.

Other analysts have also issued reports about the company. Susquehanna raised Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target on the stock in a research note on Friday, January 3rd. Barclays cut their price objective on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Stifel Nicolaus lifted their price objective on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company cut their price objective on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and a consensus target price of $37.00.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $32.20 on Friday. The business’s 50-day moving average price is $35.10 and its 200-day moving average price is $36.98. Werner Enterprises has a 12 month low of $30.90 and a 12 month high of $42.48. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 58.55 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Equities research analysts forecast that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s dividend payout ratio (DPR) is presently 101.82%.

Hedge Funds Weigh In On Werner Enterprises

A number of institutional investors have recently modified their holdings of WERN. Headlands Technologies LLC acquired a new position in shares of Werner Enterprises during the fourth quarter worth approximately $39,000. Blue Trust Inc. raised its position in shares of Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares during the period. International Assets Investment Management LLC raised its position in shares of Werner Enterprises by 2,390.3% during the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock worth $60,000 after purchasing an additional 1,482 shares during the period. Sterling Capital Management LLC raised its position in shares of Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after purchasing an additional 1,513 shares during the period. Finally, KBC Group NV raised its position in shares of Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after purchasing an additional 624 shares during the period. 89.32% of the stock is 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.