Stifel Nicolaus Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $29.00

Werner Enterprises (NASDAQ:WERN) had its price target reduced by Stifel Nicolaus from $35.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 target price for the company. Citigroup upgraded shares of Werner Enterprises from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $29.00 in a research report on Tuesday, April 8th. Susquehanna reduced their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company cut their price objective on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Finally, Barclays dropped their target price on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $34.71.

Werner Enterprises Trading Down 1.7 %

NASDAQ:WERN opened at $27.36 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $30.82 and a 200-day simple moving average of $35.30. Werner Enterprises has a 12 month low of $26.50 and a 12 month high of $42.48. The company has a market capitalization of $1.69 billion, a P/E ratio of 49.75 and a beta of 1.06.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. On average, equities research analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current 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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s dividend payout ratio (DPR) is presently 101.82%.

Institutional Trading of Werner Enterprises

Several hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its holdings in Werner Enterprises by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 22,516 shares of the transportation company’s stock valued at $660,000 after acquiring an additional 398 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Werner Enterprises in the 1st quarter valued at $686,000. SG Americas Securities LLC grew its holdings in shares of Werner Enterprises by 164.3% during the 1st quarter. SG Americas Securities LLC now owns 11,066 shares of the transportation company’s stock worth $324,000 after purchasing an additional 6,879 shares during the period. Congress Asset Management Co. increased its position in shares of Werner Enterprises by 5.2% during the 1st quarter. Congress Asset Management Co. now owns 434,772 shares of the transportation company’s stock worth $12,739,000 after purchasing an additional 21,586 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Werner Enterprises by 1,119.4% in the 1st quarter. GAMMA Investing LLC now owns 12,511 shares of the transportation company’s stock valued at $367,000 after buying an additional 11,485 shares during the period. Hedge funds and other 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.