Wells Fargo & Company Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $35.00

Werner Enterprises (NASDAQ:WERN) had its target price cut by Wells Fargo & Company from $38.00 to $35.00 in a research note published on Wednesday, Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. TD Cowen upped their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group lowered shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research report on Tuesday, July 9th. Stifel Nicolaus cut their price objective on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Finally, Stephens lowered their target price on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.36.

Werner Enterprises Trading Up 1.8 %

Shares of Werner Enterprises stock opened at $37.54 on Wednesday. The company has a 50-day moving average of $37.10 and a two-hundred day moving average of $36.76. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $43.26. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.32 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 13.12 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. On average, research analysts anticipate that Werner Enterprises will post 0.77 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, October 7th. Werner Enterprises’s payout ratio is 76.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its holdings in Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Werner Enterprises during the 2nd quarter valued at $29,000. GAMMA Investing LLC grew its stake in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Werner Enterprises in the 2nd quarter worth $29,000. Finally, Quest Partners LLC acquired a new position in Werner Enterprises in the second quarter valued at $30,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Werner Enterprises

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.