Werner Enterprises, Inc. (NASDAQ:WERN) Receives Consensus Rating of "Hold" from Brokerages

Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $30.77.

Several brokerages recently weighed in on WERN. The Goldman Sachs Group raised shares of Werner Enterprises from a "sell" rating to a "buy" rating and raised their price target for the company from $25.00 to $39.00 in a research report on Monday, June 2nd. TD Cowen cut their target price on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their target price on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a "hold" rating and a $33.00 target price for the company.

Werner Enterprises Stock Down 2.5%

Shares of WERN traded down $0.70 on Friday, hitting $27.46. 1,069,757 shares of the stock traded hands, compared to its average volume of 840,605. The company has a market capitalization of $1.70 billion, a PE ratio of 49.93 and a beta of 1.06. 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 business has a 50 day simple moving average of $27.16 and a 200 day simple moving average of $32.20. Werner Enterprises has a one year low of $23.02 and a one year high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Werner Enterprises's revenue was down 7.4% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. As a group, equities analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, July 7th. Werner Enterprises's dividend payout ratio (DPR) is 193.10%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in shares of Werner Enterprises by 163.5% during the 1st quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock valued at $28,000 after buying an additional 595 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises during the 4th quarter valued at $39,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Werner Enterprises by 69.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after buying an additional 483 shares in the last quarter. Blue Trust Inc. lifted its stake in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after purchasing an additional 514 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock worth $61,000 after purchasing an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.

Werner Enterprises Company Profile

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.