Werner Enterprises (NASDAQ:WERN) Given New $42.00 Price Target at Buckingham Research

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by Buckingham Research from $43.00 to $42.00 in a research report report published on Tuesday, April 2nd, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the transportation company’s stock.

Several other analysts also recently weighed in on WERN. Zacks Investment Research downgraded Werner Enterprises from a buy rating to a hold rating in a research note on Monday, April 1st. ValuEngine upgraded Werner Enterprises from a sell rating to a hold rating in a research note on Wednesday, March 27th. BidaskClub upgraded Werner Enterprises from a sell rating to a hold rating in a research note on Friday, March 15th. Finally, Seaport Global Securities reiterated a neutral rating on shares of Werner Enterprises in a research note on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Werner Enterprises has an average rating of Hold and an average price target of $40.46.

Shares of WERN traded up $0.94 during trading hours on Tuesday, hitting $35.75. The stock had a trading volume of 1,282,086 shares, compared to its average volume of 611,499. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.48 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. Werner Enterprises has a 12-month low of $28.67 and a 12-month high of $42.80.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Werner Enterprises had a return on equity of 14.00% and a net margin of 6.84%. The company had revenue of $596.10 million for the quarter, compared to analyst estimates of $620.14 million. During the same period last year, the company posted $0.38 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that Werner Enterprises will post 2.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 15th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. Werner Enterprises’s payout ratio is currently 15.13%.

A number of hedge funds have recently modified their holdings of WERN. Assenagon Asset Management S.A. bought a new stake in shares of Werner Enterprises during the first quarter valued at approximately $1,020,000. BNP Paribas Arbitrage SA raised its holdings in shares of Werner Enterprises by 1,109.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,785 shares of the transportation company’s stock valued at $334,000 after buying an additional 8,976 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of Werner Enterprises by 9.2% during the first quarter. Virginia Retirement Systems ET AL now owns 26,100 shares of the transportation company’s stock valued at $891,000 after buying an additional 2,200 shares during the last quarter. Creative Planning raised its holdings in shares of Werner Enterprises by 9.2% during the first quarter. Creative Planning now owns 19,075 shares of the transportation company’s stock valued at $651,000 after buying an additional 1,615 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Werner Enterprises by 3.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 64,887 shares of the transportation company’s stock valued at $2,216,000 after buying an additional 2,273 shares during the last quarter. Institutional investors own 68.98% of the company’s stock.

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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

Featured Story: What is a recession?

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.