Werner Enterprises (NASDAQ:WERN) Sets New 1-Year Low – Here’s What Happened

Werner Enterprises, Inc. (NASDAQ:WERN)’s share price reached a new 52-week low on Thursday . The company traded as low as $32.31 and last traded at $32.48, with a volume of 744178 shares traded. The stock had previously closed at $32.75.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WERN shares. Stifel Nicolaus increased their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Barclays reduced their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Susquehanna raised shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Friday, January 3rd. TD Cowen raised their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley reduced their target price on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $37.29.

Werner Enterprises Trading Down 0.8 %

The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 59.05 and a beta of 0.84. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The company’s 50 day simple moving average is $35.60 and its two-hundred day simple moving average is $37.19.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.72%. Werner Enterprises’s dividend payout ratio (DPR) is 101.82%.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Werner Enterprises in the fourth quarter valued at approximately $39,000. Blue Trust Inc. raised its holdings in shares of Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares during the last quarter. International Assets Investment Management LLC lifted its position in Werner Enterprises by 2,390.3% during the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,482 shares during the period. Sterling Capital Management LLC lifted its position in Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 1,513 shares during the period. Finally, KBC Group NV lifted its position in Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock valued at $80,000 after purchasing an additional 624 shares during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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.