Werner Enterprises (NASDAQ:WERN) Rating Lowered to "Underperform" at Evercore ISI

Evercore ISI downgraded shares of Werner Enterprises (NASDAQ:WERN - Free Report) from an in-line rating to an underperform rating in a research report report published on Wednesday, Marketbeat reports. The brokerage currently has $21.00 price objective on the transportation company's stock, down from their prior price objective of $27.00.

Several other research analysts have also weighed in on the company. TD Cowen dropped their target price on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. UBS Group cut their price objective on shares of Werner Enterprises from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Werner Enterprises from $36.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company cut their target price on Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $29.92.

Werner Enterprises Trading Up 0.2 %

NASDAQ WERN traded up $0.06 on Wednesday, hitting $26.12. 377,407 shares of the company were exchanged, compared to its average volume of 817,247. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. Werner Enterprises has a twelve month low of $23.02 and a twelve month high of $42.48. The firm has a market capitalization of $1.62 billion, a P/E ratio of 47.51 and a beta of 1.06. The company's 50 day moving average price is $29.18 and its 200-day moving average price is $34.49.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The firm had revenue of $712.11 million during the quarter, compared to analysts' expectations of $738.41 million. During the same quarter last year, the company posted $0.14 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. Analysts predict 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, May 7th. Investors of record on Monday, April 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Monday, April 14th. Werner Enterprises's dividend payout ratio (DPR) is presently 193.10%.

Institutional Trading of Werner Enterprises

A number of hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock valued at $59,010,000 after purchasing an additional 143,953 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock valued at $241,758,000 after buying an additional 32,228 shares in the last quarter. Barclays PLC raised its stake in shares of Werner Enterprises by 12.8% in the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock valued at $16,804,000 after buying an additional 49,568 shares in the last quarter. Atria Investments Inc boosted its position in shares of Werner Enterprises by 16.3% during the 4th quarter. Atria Investments Inc now owns 9,479 shares of the transportation company's stock valued at $340,000 after acquiring an additional 1,329 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Werner Enterprises in the fourth quarter valued at about $207,000. 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.