Barclays Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $32.00

Werner Enterprises (NASDAQ:WERN) had its price objective trimmed by Barclays from $38.00 to $32.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

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

Werner Enterprises Stock Up 2.0 %

Werner Enterprises stock opened at $27.90 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. Werner Enterprises has a fifty-two week low of $26.55 and a fifty-two week high of $42.48. The firm has a fifty day moving average price of $32.40 and a two-hundred day moving average price of $35.94. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 50.73 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data 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 return on equity of 2.27% and a net margin of 1.13%. As a group, analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

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

Hedge Funds Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of WERN. MassMutual Private Wealth & Trust FSB grew its position in 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 valued at $34,000 after acquiring an additional 483 shares during the period. Headlands Technologies LLC bought a new stake in shares of Werner Enterprises in the 4th quarter worth about $39,000. Blue Trust Inc. grew its holdings in shares of Werner Enterprises by 64.7% in the 4th 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. Sterling Capital Management LLC increased its position in shares of Werner Enterprises by 796.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after purchasing an additional 1,513 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Werner Enterprises by 35.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 639 shares during the last quarter. 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.