Werner Enterprises (NASDAQ:WERN) PT Raised to $43.00 at TD Cowen

Werner Enterprises (NASDAQ:WERN) had its price objective boosted by TD Cowen from $38.00 to $43.00 in a report issued on Wednesday morning, Marketbeat reports. TD Cowen currently has a buy rating on the transportation company’s stock.

Several other brokerages have also recently commented on WERN. UBS Group cut shares of Werner Enterprises from a buy rating to a neutral rating and set a $39.00 price target for the company. in a research report on Tuesday, July 9th. Bank of America lowered their target price on Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a research note on Monday, April 15th. Susquehanna reaffirmed a negative rating and issued a $27.00 price target (down previously from $32.00) on shares of Werner Enterprises in a research report on Monday, June 24th. Stifel Nicolaus lowered their price objective on Werner Enterprises from $42.00 to $39.00 and set a hold rating for the company in a research report on Thursday, April 18th. Finally, Barclays reduced their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an equal weight rating on the stock in a report on Thursday, May 2nd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $38.92.

Werner Enterprises Price Performance

WERN stock opened at $37.23 on Wednesday. The business’s fifty day moving average price is $36.61 and its 200 day moving average price is $37.78. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $47.07. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $2.36 billion, a PE ratio of 28.42, a P/E/G ratio of 3.78 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.65% and a net margin of 1.99%. The business had revenue of $760.80 million for the quarter, compared to analysts’ expectations of $769.81 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Werner Enterprises will post 1.25 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Monday, July 1st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, July 1st. Werner Enterprises’s dividend payout ratio (DPR) is 42.75%.

Institutional Investors Weigh In On Werner Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nuance Investments LLC grew its holdings in shares of Werner Enterprises by 55.8% during the fourth quarter. Nuance Investments LLC now owns 2,268,348 shares of the transportation company’s stock worth $96,110,000 after purchasing an additional 812,563 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Werner Enterprises by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after purchasing an additional 565,193 shares during the period. Victory Capital Management Inc. grew its stake in Werner Enterprises by 7.6% during the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock worth $168,369,000 after buying an additional 282,210 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Werner Enterprises during the fourth quarter worth approximately $10,302,000. Finally, Norges Bank purchased a new stake in Werner Enterprises in the fourth quarter valued at approximately $8,855,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.