Werner Enterprises, Inc. (NASDAQ:WERN) Receives Average Rating of “Reduce” from Brokerages

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been given an average rating of “Reduce” by the fifteen analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $36.13.

A number of research firms have recently weighed in on WERN. Barclays dropped their price target on shares of 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. Wells Fargo & Company cut their price target on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price target for the company. Stifel Nicolaus raised their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Susquehanna decreased their target price on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th.

Werner Enterprises Trading Down 0.1 %

Shares of NASDAQ WERN opened at $29.30 on Tuesday. 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 has a one year low of $28.77 and a one year high of $42.48. The business has a 50-day moving average price of $33.09 and a two-hundred day moving average price of $36.17. The firm has a market capitalization of $1.81 billion, a PE ratio of 53.27 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data 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%. As a group, analysts predict that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a $0.14 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.91%. Werner Enterprises’s payout ratio is presently 101.82%.

Institutional Trading of Werner Enterprises

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new position in shares of Werner Enterprises during the fourth quarter worth approximately $31,634,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Werner Enterprises by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,453 shares of the transportation company’s stock valued at $4,542,000 after purchasing an additional 16,366 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Werner Enterprises by 70.5% in the 4th quarter. Squarepoint Ops LLC now owns 55,917 shares of the transportation company’s stock valued at $2,009,000 after purchasing an additional 23,120 shares during the period. Two Sigma Advisers LP grew its position in Werner Enterprises by 75.3% in the 4th quarter. Two Sigma Advisers LP now owns 224,700 shares of the transportation company’s stock worth $8,071,000 after purchasing an additional 96,500 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Werner Enterprises by 38.3% during the 4th quarter. Two Sigma Investments LP now owns 379,714 shares of the transportation company’s stock worth $13,639,000 after purchasing an additional 105,092 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.