Werner Enterprises, Inc. (NASDAQ:WERN) Receives $30.27 Average PT from Analysts

Shares of Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Six equities research 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 price objective among brokerages that have issued ratings on the stock in the last year is $30.27.

Several research firms have recently weighed in on WERN. Citigroup upgraded Werner Enterprises from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. Stifel Nicolaus decreased their price target on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Susquehanna boosted their price target on Werner Enterprises from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Bank of America boosted their price target on Werner Enterprises from $26.00 to $27.00 and gave the stock an "underperform" rating in a research note on Friday, June 13th. Finally, UBS Group cut their price objective on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th.

Institutional Trading of Werner Enterprises

Several hedge funds have recently bought and sold shares of WERN. Brooklyn Investment Group grew its holdings in Werner Enterprises by 163.5% during the first quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock valued at $28,000 after purchasing an additional 595 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after purchasing an additional 483 shares during the period. Headlands Technologies LLC bought a new stake in Werner Enterprises during the fourth quarter valued at about $39,000. Sterling Capital Management LLC grew its holdings in Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after purchasing an additional 1,513 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Werner Enterprises by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,937 shares of the transportation company's stock valued at $86,000 after purchasing an additional 402 shares during the period. Institutional investors own 89.32% of the company's stock.

Werner Enterprises Stock Down 0.6%

NASDAQ:WERN traded down $0.18 during trading hours on Thursday, reaching $29.08. 439,505 shares of the company traded hands, compared to its average volume of 796,440. The business's 50-day moving average price is $27.11 and its two-hundred day moving average price is $30.77. The stock has a market capitalization of $1.80 billion, a P/E ratio of 100.26, a P/E/G ratio of 1.35 and a beta of 1.07. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $42.48. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). The company had revenue of $712.11 million for the quarter, compared to analysts' expectations of $738.41 million. Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Analysts predict that Werner Enterprises will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, July 7th. Werner Enterprises's dividend payout ratio is presently 193.10%.

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.