Werner Enterprises (NASDAQ:WERN) PT Lowered to $36.00 at Barclays

Werner Enterprises (NASDAQ:WERN) had its price target lowered by Barclays from $40.00 to $36.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Several other equities analysts have also recently weighed in on WERN. Evercore ISI cut their price objective on Werner Enterprises from $39.00 to $35.00 and set an in-line rating for the company in a research report on Wednesday, May 1st. Robert W. Baird decreased their price target on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a research report on Wednesday, May 1st. Stifel Nicolaus dropped their price objective on shares of Werner Enterprises from $42.00 to $39.00 and set a hold rating on the stock in a report on Thursday, April 18th. TD Cowen reduced their target price on shares of Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a research note on Wednesday, May 1st. Finally, StockNews.com raised Werner Enterprises from a sell rating to a hold rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $40.83.

Werner Enterprises Stock Up 1.6 %

WERN opened at $36.31 on Thursday. The company has a market capitalization of $2.30 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. The business has a 50-day moving average of $37.51 and a 200-day moving average of $39.05. 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 0.39, a current ratio of 1.90 and a quick ratio of 1.87.

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 business 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 business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Equities research analysts forecast that Werner Enterprises will post 1.52 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC boosted its stake in Werner Enterprises by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock worth $702,000 after purchasing an additional 259 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Werner Enterprises by 3.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,586 shares of the transportation company’s stock worth $295,000 after buying an additional 280 shares in the last quarter. WealthPlan Investment Management LLC lifted its position in Werner Enterprises by 2.2% during the 4th quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock worth $606,000 after buying an additional 301 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Werner Enterprises by 3.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock worth $421,000 after acquiring an additional 308 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Werner Enterprises by 1.1% in the 3rd quarter. Yousif Capital Management LLC now owns 30,768 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 325 shares in the last quarter. 89.32% of the stock is owned by institutional investors.

About Werner Enterprises

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.