Susquehanna Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $35.00

Werner Enterprises (NASDAQ:WERN) had its price objective decreased by Susquehanna from $40.00 to $35.00 in a report released on Monday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also commented on the stock. TD Cowen raised their price objective on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. Stephens restated an overweight rating and set a $49.00 price objective on shares of Werner Enterprises in a report on Wednesday, February 7th. Morgan Stanley decreased their target price on shares of Werner Enterprises from $60.00 to $59.00 and set an overweight rating for the company in a research report on Wednesday, February 7th. Stifel Nicolaus downgraded shares of Werner Enterprises from a buy rating to a hold rating and decreased their target price for the company from $45.00 to $42.00 in a research report on Thursday, February 8th. Finally, StockNews.com raised shares of Werner Enterprises from a sell rating to a hold rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Werner Enterprises currently has a consensus rating of Hold and an average target price of $44.50.

Werner Enterprises Trading Up 1.3 %

Shares of NASDAQ:WERN opened at $38.57 on Monday. Werner Enterprises has a 12 month low of $35.02 and a 12 month high of $47.27. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $39.70 and its 200 day simple moving average is $39.57. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.06 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The company had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. During the same quarter in the previous year, the business earned $0.99 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. As a group, research analysts forecast that Werner Enterprises will post 2.09 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, April 12th. Werner Enterprises’s dividend payout ratio (DPR) is presently 31.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WERN. Dark Forest Capital Management LP bought a new position in shares of Werner Enterprises in the 1st quarter valued at about $26,000. Blue Trust Inc. grew its position in shares of Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares during the period. Advisors Asset Management Inc. grew its position in shares of Werner Enterprises by 135.2% in the 4th quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 472 shares during the period. Headlands Technologies LLC bought a new position in shares of Werner Enterprises in the 3rd quarter valued at about $36,000. Finally, Planned Solutions Inc. bought a new position in shares of Werner Enterprises in the 4th quarter valued at about $57,000. Institutional investors 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.