Werner Enterprises (NASDAQ:WERN) Given New $35.00 Price Target at Wells Fargo & Company

Werner Enterprises (NASDAQ:WERN) had its target price trimmed by Wells Fargo & Company from $38.00 to $35.00 in a research note released on Wednesday, Benzinga reports. The firm currently has an underweight rating on the transportation company’s stock.

Several other equities analysts have also commented on the stock. The Goldman Sachs Group lowered their price target on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Stephens cut their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Stifel Nicolaus lowered their price objective on shares of Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. StockNews.com downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Finally, Evercore ISI dropped their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.36.

Werner Enterprises Trading Up 1.8 %

NASDAQ:WERN opened at $37.54 on Wednesday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 51.42, a price-to-earnings-growth ratio of 12.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.64 and a current ratio of 1.53. The business’s 50-day simple moving average is $37.10 and its 200 day simple moving average is $36.76. Werner Enterprises has a one year low of $33.12 and a one year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. During the same period in the previous year, the business posted $0.42 EPS. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Werner Enterprises will post 0.85 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were given a dividend of $0.14 per share. The ex-dividend date was Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. Werner Enterprises’s payout ratio is presently 76.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atria Investments Inc boosted its position in Werner Enterprises by 34.2% during the third quarter. Atria Investments Inc now owns 8,150 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 2,079 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock valued at $184,000 after buying an additional 3,489 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Werner Enterprises by 10.1% in the 3rd quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock valued at $14,265,000 after buying an additional 33,891 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in Werner Enterprises by 13.9% in the third quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company’s stock worth $279,000 after buying an additional 906 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its position in Werner Enterprises by 2.0% during the third quarter. Pinnacle Associates Ltd. now owns 460,453 shares of the transportation company’s stock valued at $19,509,000 after acquiring an additional 9,143 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.