Werner Enterprises (NASDAQ:WERN) PT Lowered to $34.00 at Bank of America

Werner Enterprises (NASDAQ:WERN) had its price objective cut by Bank of America from $35.00 to $34.00 in a report published on Monday morning, Benzinga reports. They currently have an underperform rating on the transportation company’s stock.

WERN has been the topic of a number of other research reports. Stifel Nicolaus downgraded shares of Werner Enterprises from a buy rating to a hold rating and dropped their price target for the company from $45.00 to $42.00 in a report on Thursday, February 8th. Stephens reaffirmed an overweight rating and set a $49.00 price target on shares of Werner Enterprises in a report on Wednesday, February 7th. Barclays cut shares of Werner Enterprises from an overweight rating to an equal weight rating and lowered their price objective for the stock from $45.00 to $40.00 in a research note on Monday, April 1st. TD Cowen increased their price objective on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, StockNews.com upgraded shares of Werner Enterprises from a sell rating to a hold rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Werner Enterprises currently has an average rating of Hold and an average price target of $44.25.

Werner Enterprises Price Performance

WERN stock opened at $36.15 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87. Werner Enterprises has a one year low of $35.02 and a one year high of $47.27. The stock has a market cap of $2.29 billion, a PE ratio of 20.54, a P/E/G ratio of 1.06 and a beta of 0.78. The firm has a 50 day simple moving average of $39.06 and a two-hundred day simple moving average of $39.41.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, February 5th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The business had revenue of $821.90 million during the quarter, compared to analysts’ expectations of $820.90 million. During the same period last year, the company posted $0.99 EPS. Werner Enterprises’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post 2.02 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, April 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.55%. Werner Enterprises’s dividend payout ratio (DPR) is 31.82%.

Institutional Trading of Werner Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Werner Enterprises by 20.2% during the first quarter. JPMorgan Chase & Co. now owns 238,975 shares of the transportation company’s stock worth $9,798,000 after acquiring an additional 40,108 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Werner Enterprises by 50.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,447 shares of the transportation company’s stock worth $100,000 after acquiring an additional 825 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Werner Enterprises by 38.9% during the first quarter. MetLife Investment Management LLC now owns 69,575 shares of the transportation company’s stock worth $2,853,000 after acquiring an additional 19,471 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Werner Enterprises by 0.6% during the first quarter. Rhumbline Advisers now owns 211,666 shares of the transportation company’s stock worth $8,678,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Werner Enterprises by 8.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,941 shares of the transportation company’s stock worth $900,000 after acquiring an additional 1,762 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Company Profile

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.