Werner Enterprises (NASDAQ:WERN) Lowered to “Equal Weight” at Barclays

Barclays lowered shares of Werner Enterprises (NASDAQ:WERNFree Report) from an overweight rating to an equal weight rating in a report published on Monday morning, Marketbeat reports. They currently have $40.00 price target on the transportation company’s stock, down from their prior price target of $45.00.

Other equities research analysts also recently issued research reports about the company. Susquehanna lowered their price target on Werner Enterprises from $40.00 to $35.00 and set a neutral rating for the company in a research report on Monday, March 25th. Stifel Nicolaus downgraded Werner Enterprises from a buy rating to a hold rating and lowered their price target for the company from $45.00 to $42.00 in a research report on Thursday, February 8th. StockNews.com upgraded Werner Enterprises from a sell rating to a hold rating in a research note on Tuesday, February 27th. Morgan Stanley lowered their target price on Werner Enterprises from $60.00 to $59.00 and set an overweight rating for the company in a research note on Wednesday, February 7th. Finally, Stephens reiterated an overweight rating and issued a $49.00 target price on shares of Werner Enterprises in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $44.50.

Get Our Latest Analysis on Werner Enterprises

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $38.56 on Monday. The company has a market cap of $2.45 billion, a P/E ratio of 21.91, a P/E/G ratio of 1.10 and a beta of 0.78. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. Werner Enterprises has a 52 week low of $35.02 and a 52 week high of $47.27. The business has a fifty day simple moving average of $39.61 and a 200-day simple moving average of $39.55.

Werner Enterprises (NASDAQ:WERNGet Free Report) last announced its quarterly earnings data on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The business had revenue of $821.90 million during the quarter, compared to analysts’ expectations of $820.90 million. Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. Werner Enterprises’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. Equities research analysts forecast that Werner Enterprises will post 2.09 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s dividend payout ratio is presently 31.82%.

Institutional Trading of Werner Enterprises

Several hedge funds have recently made changes to their positions in WERN. Vanguard Group Inc. increased its position in Werner Enterprises by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after acquiring an additional 565,193 shares during the period. Macquarie Group Ltd. increased its position in Werner Enterprises by 1.2% in the 1st quarter. Macquarie Group Ltd. now owns 4,518,370 shares of the transportation company’s stock valued at $205,541,000 after acquiring an additional 54,392 shares during the period. Victory Capital Management Inc. increased its position in Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock valued at $168,369,000 after acquiring an additional 282,210 shares during the period. Dimensional Fund Advisors LP increased its position in Werner Enterprises by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock valued at $161,484,000 after acquiring an additional 33,906 shares during the period. Finally, State Street Corp increased its position in Werner Enterprises by 3.4% in the 1st quarter. State Street Corp now owns 2,409,733 shares of the transportation company’s stock valued at $98,799,000 after acquiring an additional 79,912 shares during the period. Institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

(Get Free Report)

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.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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