Werner Enterprises (NASDAQ:WERN) Given New $36.00 Price Target at JPMorgan Chase & Co.

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by JPMorgan Chase & Co. from $37.00 to $36.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

WERN has been the topic of several other reports. Evercore ISI dropped their target price on shares of Werner Enterprises from $39.00 to $35.00 and set an in-line rating on the stock in a research report on Wednesday. Robert W. Baird cut their target price on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a research note on Wednesday. Barclays cut Werner Enterprises from an overweight rating to an equal weight rating and decreased their target price for the stock from $45.00 to $40.00 in a research report on Monday, April 1st. Bank of America dropped their price target on Werner Enterprises from $35.00 to $34.00 and set an underperform rating on the stock in a research report on Monday, April 15th. Finally, Susquehanna decreased their price objective on Werner Enterprises from $40.00 to $35.00 and set a neutral rating for the company in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $40.83.

Werner Enterprises Price Performance

NASDAQ WERN opened at $36.31 on Wednesday. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27. The business’s fifty day moving average is $37.51 and its two-hundred day moving average is $39.05. The stock has a market capitalization of $2.30 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 1.90.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. During the same period last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, research analysts forecast that Werner Enterprises will post 1.52 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, April 12th. Werner Enterprises’s dividend payout ratio is 42.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Werner Enterprises in the 3rd quarter valued at approximately $36,000. Planned Solutions Inc. bought a new position in shares of Werner Enterprises in the 4th quarter valued at approximately $57,000. Strs Ohio lifted its holdings in Werner Enterprises by 35.3% in the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock worth $89,000 after purchasing an additional 600 shares during the last quarter. Finally, Covestor Ltd boosted its position in Werner Enterprises by 46.5% during the third quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock worth $94,000 after purchasing an additional 762 shares during the period. 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.