Werner Enterprises (NASDAQ:WERN) had its price objective upped by Credit Suisse Group from $38.00 to $39.00 in a report released on Friday. The firm currently has a neutral rating on the transportation company’s stock.
Several other research firms also recently issued reports on WERN. Zacks Investment Research restated a hold rating and set a $44.00 target price on shares of Werner Enterprises in a research report on Saturday, January 13th. Deutsche Bank increased their target price on Werner Enterprises from $42.00 to $43.00 and gave the stock a hold rating in a research report on Friday, February 23rd. Cowen restated an underperform rating and set a $36.00 target price (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday, January 30th. UBS upgraded Werner Enterprises from a neutral rating to a buy rating and increased their target price for the stock from $37.00 to $47.00 in a research report on Friday, January 5th. Finally, Robert W. Baird increased their target price on Werner Enterprises from $41.00 to $43.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $41.43.
Werner Enterprises stock traded down $1.55 during trading on Friday, hitting $36.00. The stock had a trading volume of 2,865,213 shares, compared to its average volume of 1,017,334. Werner Enterprises has a 1 year low of $25.15 and a 1 year high of $43.95. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The company has a market cap of $2,720.66, a price-to-earnings ratio of 26.26, a PEG ratio of 1.31 and a beta of 0.97.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, April 19th. The transportation company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Werner Enterprises had a return on equity of 9.57% and a net margin of 9.86%. The business had revenue of $562.68 million for the quarter, compared to the consensus estimate of $553.72 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Werner Enterprises’s revenue for the quarter was up 12.3% on a year-over-year basis. equities research analysts forecast that Werner Enterprises will post 1.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. Werner Enterprises’s payout ratio is currently 22.05%.
Several institutional investors have recently added to or reduced their stakes in the company. J. Goldman & Co LP increased its holdings in shares of Werner Enterprises by 69.5% in the fourth quarter. J. Goldman & Co LP now owns 367,364 shares of the transportation company’s stock worth $14,199,000 after purchasing an additional 150,650 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Werner Enterprises in the fourth quarter worth $1,949,000. Vident Investment Advisory LLC increased its holdings in shares of Werner Enterprises by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 86,799 shares of the transportation company’s stock worth $3,355,000 after purchasing an additional 5,302 shares during the period. Millennium Management LLC increased its holdings in shares of Werner Enterprises by 23.2% in the fourth quarter. Millennium Management LLC now owns 1,056,019 shares of the transportation company’s stock worth $40,815,000 after purchasing an additional 198,614 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Werner Enterprises by 4.0% in the fourth quarter. Teachers Advisors LLC now owns 87,480 shares of the transportation company’s stock worth $3,381,000 after purchasing an additional 3,370 shares during the period. 65.69% of the stock is currently owned by hedge funds and other institutional investors.
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Werner Enterprises Company Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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