Werner Enterprises (NASDAQ:WERN) PT Lowered to $42.00

Werner Enterprises (NASDAQ:WERN) had its price target lowered by Robert W. Baird from $46.00 to $42.00 in a research note published on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the transportation company’s stock.

WERN has been the subject of a number of other research reports. StockNews.com upgraded Werner Enterprises from a sell rating to a hold rating in a research note on Tuesday, February 27th. Susquehanna dropped their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a neutral rating for the company in a research note on Monday, March 25th. Bank of America cut their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an underperform rating on the stock in a report on Monday, April 15th. Stephens reissued an overweight rating and set a $49.00 price objective on shares of Werner Enterprises in a report on Wednesday, February 7th. Finally, Stifel Nicolaus cut their target price on shares of Werner Enterprises from $42.00 to $39.00 and set a hold rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $41.85.

Werner Enterprises Price Performance

Shares of WERN stock opened at $36.31 on Wednesday. The firm has a fifty day simple moving average of $37.60 and a 200-day simple moving average of $39.08. The company has a market capitalization of $2.30 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.07 and a beta of 0.82. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $47.27. The company has a current ratio of 1.90, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39.

Werner Enterprises (NASDAQ:WERN) last issued 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 during 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 quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities research analysts anticipate that Werner Enterprises will post 1.91 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

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

Institutional Trading of Werner Enterprises

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

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.