Werner Enterprises (NASDAQ:WERN - Free Report) had its price target reduced by UBS Group from $30.00 to $27.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a neutral rating on the transportation company's stock.
A number of other research analysts have also recently commented on WERN. Wells Fargo & Company lowered their target price on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Susquehanna dropped their target price on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Barclays decreased their price target on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group decreased their target price on shares of Werner Enterprises from $28.00 to $25.00 and set a "sell" rating for the company in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Werner Enterprises presently has a consensus rating of "Hold" and an average price target of $29.69.
View Our Latest Report on WERN
Werner Enterprises Trading Down 0.8 %
Shares of NASDAQ WERN traded down $0.21 during mid-day trading on Monday, hitting $26.20. The stock had a trading volume of 793,901 shares, compared to its average volume of 823,078. The business has a 50 day moving average price of $28.55 and a two-hundred day moving average price of $34.10. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $42.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market cap of $1.62 billion, a P/E ratio of 47.64 and a beta of 1.09.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The business had revenue of $712.11 million during the quarter, compared to analysts' expectations of $738.41 million. During the same quarter last year, the business posted $0.14 EPS. The company's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Werner Enterprises will post 1.27 EPS for the current fiscal year.
Werner Enterprises Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Monday, April 14th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.14%. Werner Enterprises's dividend payout ratio is 193.10%.
Institutional Trading of Werner Enterprises
Several hedge funds have recently bought and sold shares of WERN. Charles Schwab Investment Management Inc. grew its position in shares of Werner Enterprises by 21.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 853,258 shares of the transportation company's stock valued at $25,000,000 after purchasing an additional 149,087 shares in the last quarter. Vanguard Group Inc. grew its holdings in Werner Enterprises by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,813,038 shares of the transportation company's stock valued at $199,622,000 after buying an additional 82,581 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Werner Enterprises by 15.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,937 shares of the transportation company's stock worth $86,000 after acquiring an additional 402 shares during the last quarter. US Bancorp DE raised its holdings in shares of Werner Enterprises by 389.0% during the 1st quarter. US Bancorp DE now owns 9,584 shares of the transportation company's stock worth $281,000 after acquiring an additional 7,624 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its position in shares of Werner Enterprises by 1,687.6% during the 1st quarter. Bayforest Capital Ltd now owns 27,708 shares of the transportation company's stock valued at $812,000 after acquiring an additional 26,158 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.
About Werner Enterprises
(
Get Free Report)
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.
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