Werner Enterprises (NASDAQ:WERN) Given New $32.00 Price Target at Barclays

Werner Enterprises (NASDAQ:WERN) had its target price reduced by Barclays from $38.00 to $32.00 in a report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other analysts have also weighed in on the stock. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Susquehanna lowered their target price on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus boosted their target price on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Werner Enterprises presently has a consensus rating of “Hold” and an average target price of $35.73.

Werner Enterprises Price Performance

Shares of WERN stock opened at $27.90 on Wednesday. Werner Enterprises has a 52 week low of $26.55 and a 52 week high of $42.48. The stock has a market capitalization of $1.73 billion, a PE ratio of 50.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The stock’s fifty day moving average is $32.40 and its 200-day moving average is $35.94.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. Equities research analysts expect that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Institutional Investors Weigh In On Werner Enterprises

Several large investors have recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in shares of Werner Enterprises by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after buying an additional 274 shares during the period. Keybank National Association OH lifted its holdings in Werner Enterprises by 1.5% during the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after acquiring an additional 305 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Werner Enterprises by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock valued at $1,922,000 after acquiring an additional 359 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Werner Enterprises by 69.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock worth $34,000 after acquiring an additional 483 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Werner Enterprises by 7.7% during the fourth quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company’s stock worth $243,000 after purchasing an additional 485 shares during the period. Institutional investors own 89.32% of the company’s stock.

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.