Werner Enterprises (NASDAQ:WERN) Cut to Equal Weight at Barclays

Barclays downgraded shares of Werner Enterprises (NASDAQ:WERNFree Report) from an overweight rating to an equal weight rating in a report published on Monday morning, Marketbeat reports. They currently have $40.00 target price on the transportation company’s stock, down from their prior target price of $45.00.

Other equities research analysts also recently issued reports about the stock. Stephens reissued an overweight rating and set a $49.00 target price on shares of Werner Enterprises in a research 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 cut shares of Werner Enterprises from a buy rating to a hold rating and cut their price target for the stock from $45.00 to $42.00 in a report on Thursday, February 8th. Susquehanna cut their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a neutral rating on the stock in a report on Monday, March 25th. Finally, StockNews.com upgraded shares of Werner Enterprises from a sell rating to a hold rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Werner Enterprises presently has an average rating of Hold and an average price target of $44.50.

Get Our Latest Research Report on Werner Enterprises

Werner Enterprises Trading Up 0.7 %

WERN opened at $38.31 on Monday. Werner Enterprises has a 1-year low of $35.02 and a 1-year high of $47.27. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.43 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.08 and a beta of 0.78. The company has a fifty day moving average price of $39.49 and a two-hundred day moving average price of $39.52.

Werner Enterprises (NASDAQ:WERNGet Free Report) last posted its earnings results on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.05). The business had revenue of $821.90 million for the quarter, compared to the consensus estimate of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. Analysts predict that Werner Enterprises will post 2.09 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s payout ratio is 31.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WERN. JPMorgan Chase & Co. boosted its stake in Werner Enterprises by 20.2% in the first quarter. JPMorgan Chase & Co. now owns 238,975 shares of the transportation company’s stock valued at $9,798,000 after acquiring an additional 40,108 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Werner Enterprises by 50.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,447 shares of the transportation company’s stock valued at $100,000 after buying an additional 825 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Werner Enterprises by 38.9% during the 1st quarter. MetLife Investment Management LLC now owns 69,575 shares of the transportation company’s stock valued at $2,853,000 after buying an additional 19,471 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Werner Enterprises by 0.6% during the 1st quarter. Rhumbline Advisers now owns 211,666 shares of the transportation company’s stock valued at $8,678,000 after buying an additional 1,240 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Werner Enterprises by 8.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,941 shares of the transportation company’s stock valued at $900,000 after buying an additional 1,762 shares in the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Werner Enterprises Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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