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

Werner Enterprises (NASDAQ:WERN) had its target price decreased by TD Cowen from $42.00 to $38.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other research firms also recently issued reports on WERN. Morgan Stanley reduced their price target on shares of Werner Enterprises from $60.00 to $59.00 and set an overweight rating on the stock in a research report on Wednesday, February 7th. Barclays downgraded Werner Enterprises from an overweight rating to an equal weight rating and lowered their target price for the company from $45.00 to $40.00 in a research note on Monday, April 1st. Stifel Nicolaus reduced their price objective on shares of Werner Enterprises from $42.00 to $39.00 and set a hold rating for the company in a research note on Thursday, April 18th. StockNews.com upgraded shares of Werner Enterprises from a sell rating to a hold rating in a research note on Tuesday, February 27th. Finally, Stephens reaffirmed an overweight rating and set a $49.00 target price on shares of Werner Enterprises in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $40.83.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $36.31 on Wednesday. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $47.27. The firm’s 50-day moving average is $37.51 and its two-hundred day moving average is $39.05. The stock has a market capitalization of $2.30 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.87.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The firm had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Equities analysts predict that Werner Enterprises will post 1.76 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.54%. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

Institutional Trading of Werner Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Werner Enterprises by 0.8% in the third quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock valued at $228,050,000 after acquiring an additional 48,380 shares during the last quarter. Raymond James & Associates raised its stake in 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 buying an additional 44,159 shares during the period. Norden Group LLC bought a new position in Werner Enterprises during the fourth quarter worth $337,000. Charles Schwab Investment Management Inc. lifted its position in Werner Enterprises by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 576,100 shares of the transportation company’s stock worth $22,439,000 after acquiring an additional 39,825 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Werner Enterprises by 27.8% in the 3rd quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company’s stock valued at $27,472,000 after buying an additional 153,271 shares in the last quarter. 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.