Werner Enterprises (NASDAQ:WERN) Coverage Initiated at Robert W. Baird

Robert W. Baird began coverage on shares of Werner Enterprises (NASDAQ:WERN - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued an underperform rating and a $25.00 target price on the transportation company's stock.

A number of other equities analysts have also commented on WERN. Wall Street Zen lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Susquehanna upped their price target on shares of Werner Enterprises from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. TD Cowen dropped their price objective on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their target price 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. Finally, Evercore ISI lowered Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their target price for the company from $27.00 to $21.00 in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $30.27.

Werner Enterprises Stock Up 4.2%

Shares of NASDAQ WERN traded up $1.15 during trading hours on Tuesday, hitting $28.51. The stock had a trading volume of 1,186,124 shares, compared to its average volume of 794,762. The firm's 50-day moving average price is $27.06 and its two-hundred day moving average price is $30.97. Werner Enterprises has a 52 week low of $23.02 and a 52 week high of $42.48. The company has a market capitalization of $1.76 billion, a P/E ratio of 98.31, a P/E/G ratio of 1.29 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.62 and a current ratio of 1.66.

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

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be paid a $0.14 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.96%. Werner Enterprises's dividend payout ratio is currently 193.10%.

Hedge Funds Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of WERN. Vanguard Group Inc. grew its position in Werner Enterprises by 1.2% in the first quarter. Vanguard Group Inc. now owns 6,813,038 shares of the transportation company's stock valued at $199,622,000 after acquiring an additional 82,581 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Werner Enterprises by 5.0% in the 1st quarter. Victory Capital Management Inc. now owns 3,641,546 shares of the transportation company's stock valued at $106,697,000 after purchasing an additional 173,572 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Werner Enterprises by 9.2% in the 1st quarter. American Century Companies Inc. now owns 2,170,527 shares of the transportation company's stock worth $63,596,000 after purchasing an additional 183,340 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Werner Enterprises by 0.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company's stock worth $76,211,000 after purchasing an additional 19,370 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Werner Enterprises by 10.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,835,187 shares of the transportation company's stock worth $53,844,000 after purchasing an additional 174,341 shares in the last quarter. 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.