Werner Enterprises (NASDAQ:WERN) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $62.00 to $55.00 in a research note released on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the transportation company’s stock.
Other equities analysts have also issued research reports about the company. Morgan Stanley raised their price objective on Werner Enterprises from $60.00 to $65.00 and gave the stock an overweight rating in a research note on Monday, August 2nd. Cowen upgraded Werner Enterprises from a market perform rating to an outperform rating and raised their price objective for the stock from $52.00 to $56.00 in a research note on Wednesday, September 15th. Finally, Bank of America lowered Werner Enterprises from a buy rating to a neutral rating and lowered their price objective for the stock from $52.00 to $49.00 in a research note on Friday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $50.00.
NASDAQ:WERN opened at $45.38 on Monday. The stock has a market cap of $3.04 billion, a P/E ratio of 12.75, a PEG ratio of 1.27 and a beta of 0.79. The stock has a 50 day simple moving average of $45.64 and a 200 day simple moving average of $45.83. The company has a current ratio of 2.18, a quick ratio of 2.14 and a debt-to-equity ratio of 0.26. Werner Enterprises has a 1-year low of $38.54 and a 1-year high of $49.76.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, October 28th. The transportation company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.16). The firm had revenue of $702.89 million for the quarter, compared to analyst estimates of $703.12 million. Werner Enterprises had a return on equity of 17.53% and a net margin of 9.38%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, sell-side analysts forecast that Werner Enterprises will post 3.29 EPS for the current year.
Werner Enterprises declared that its Board of Directors has initiated a stock buyback plan on Friday, November 12th that allows the company to repurchase 6,000,000 outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Monday, January 3rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. Werner Enterprises’s payout ratio is 13.48%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WERN. William Blair Investment Management LLC acquired a new stake in shares of Werner Enterprises during the 2nd quarter valued at $81,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Werner Enterprises during the 2nd quarter valued at $128,000. Amundi acquired a new stake in shares of Werner Enterprises during the 2nd quarter valued at $173,000. Advisor Group Holdings Inc. boosted its holdings in shares of Werner Enterprises by 6.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 4,089 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 251 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Werner Enterprises by 25.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,145 shares of the transportation company’s stock valued at $185,000 after acquiring an additional 849 shares in the last quarter. 84.40% of the stock is currently owned by institutional investors.
About Werner Enterprises
Werner Enterprises, Inc engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities.
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