Werner Enterprises, Inc. (WERN) Receives $40.83 Average PT from Brokerages

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been given an average rating of “Hold” by the seventeen ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.83.

A number of analysts recently commented on WERN shares. ValuEngine downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Zacks Investment Research downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. BidaskClub downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Buckingham Research boosted their target price on shares of Werner Enterprises from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Werner Enterprises in a report on Thursday, February 7th.

Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its holdings in shares of Werner Enterprises by 311.9% during the first quarter. Lazard Asset Management LLC now owns 111,817 shares of the transportation company’s stock valued at $3,818,000 after acquiring an additional 84,672 shares during the period. Group One Trading L.P. acquired a new stake in shares of Werner Enterprises during the first quarter valued at approximately $190,000. Northern Trust Corp raised its holdings in shares of Werner Enterprises by 0.9% during the first quarter. Northern Trust Corp now owns 799,895 shares of the transportation company’s stock valued at $27,316,000 after acquiring an additional 7,122 shares during the period. Citigroup Inc. raised its holdings in shares of Werner Enterprises by 220.0% during the first quarter. Citigroup Inc. now owns 51,090 shares of the transportation company’s stock valued at $1,744,000 after acquiring an additional 35,122 shares during the period. Finally, AlphaCrest Capital Management LLC raised its holdings in shares of Werner Enterprises by 82.8% during the first quarter. AlphaCrest Capital Management LLC now owns 14,075 shares of the transportation company’s stock valued at $481,000 after acquiring an additional 6,375 shares during the period. Institutional investors and hedge funds own 69.10% of the company’s stock.

Shares of NASDAQ WERN traded down $0.98 during midday trading on Monday, reaching $31.41. The company’s stock had a trading volume of 665,400 shares, compared to its average volume of 614,443. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.41 and a quick ratio of 1.38. Werner Enterprises has a one year low of $28.67 and a one year high of $42.80. The company has a market capitalization of $2.26 billion, a P/E ratio of 13.20, a PEG ratio of 0.98 and a beta of 1.22.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, April 25th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Werner Enterprises had a net margin of 7.08% and a return on equity of 14.56%. The business had revenue of $596.10 million for the quarter, compared to the consensus estimate of $620.14 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts anticipate that Werner Enterprises will post 2.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 15th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. Werner Enterprises’s dividend payout ratio is currently 15.13%.

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.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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