Shares of Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) have received an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $49.60.
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on Werner Enterprises from $47.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, April 8th. Bank of America cut Werner Enterprises from a “neutral” rating to an “underperform” rating and set a $38.00 price objective for the company. in a research note on Friday, April 8th. Barclays reduced their price objective on Werner Enterprises from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, January 14th. Wells Fargo & Company upgraded Werner Enterprises from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $38.00 to $46.00 in a research note on Thursday, March 24th. Finally, Stephens cut Werner Enterprises from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $56.00 to $47.00 in a research note on Friday, April 1st.
A number of institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in Werner Enterprises by 3.6% during the first quarter. Nordea Investment Management AB now owns 186,776 shares of the transportation company’s stock worth $7,678,000 after acquiring an additional 6,464 shares during the period. Norges Bank acquired a new stake in Werner Enterprises in the fourth quarter valued at approximately $27,146,000. Vident Investment Advisory LLC grew its holdings in Werner Enterprises by 3.9% in the fourth quarter. Vident Investment Advisory LLC now owns 48,045 shares of the transportation company’s stock valued at $2,290,000 after purchasing an additional 1,810 shares during the period. Goldman Sachs Group Inc. grew its holdings in Werner Enterprises by 38.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 669,275 shares of the transportation company’s stock valued at $31,898,000 after purchasing an additional 184,768 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Werner Enterprises by 96.6% in the fourth quarter. Allianz Asset Management GmbH now owns 210,624 shares of the transportation company’s stock valued at $10,038,000 after purchasing an additional 103,506 shares during the period. 86.17% of the stock is currently owned by hedge funds and other institutional investors.
Werner Enterprises (NASDAQ:WERN – Get Rating) last released its quarterly earnings results on Thursday, February 3rd. The transportation company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. Werner Enterprises had a return on equity of 18.18% and a net margin of 9.47%. The company had revenue of $765.22 million during the quarter, compared to analysts’ expectations of $725.09 million. During the same period last year, the business posted $0.89 earnings per share. As a group, sell-side analysts predict that Werner Enterprises will post 3.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 3rd. Investors of record on Monday, April 18th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, April 14th. Werner Enterprises’s dividend payout ratio (DPR) is 12.53%.
About Werner Enterprises (Get Rating)
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, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.
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