Werner Enterprises (NASDAQ:WERN) Hits New 1-Year Low at $34.65

Werner Enterprises, Inc. (NASDAQ:WERN) shares hit a new 52-week low on Friday . The stock traded as low as $34.65 and last traded at $34.65, with a volume of 247271 shares changing hands. The stock had previously closed at $35.08.

Analyst Ratings Changes

Several brokerages recently weighed in on WERN. Barclays downgraded shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $45.00 to $40.00 in a research report on Monday, April 1st. Stephens reissued an “overweight” rating and set a $49.00 price target on shares of Werner Enterprises in a research report on Wednesday, February 7th. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Morgan Stanley cut their target price on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. Finally, TD Cowen lifted their target price on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have assigned 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 a consensus price target of $44.00.

Werner Enterprises Stock Down 1.0 %

The company’s 50 day moving average price is $38.04 and its two-hundred day moving average price is $39.19. The firm has a market cap of $2.20 billion, a PE ratio of 19.74, a PEG ratio of 1.07 and a beta of 0.78. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 0.42.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). The business had revenue of $821.90 million for the quarter, compared to analysts’ expectations of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. On average, equities research analysts expect that Werner Enterprises, Inc. will post 1.91 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s dividend payout ratio is presently 31.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WERN. Nuance Investments LLC lifted its stake in shares of Werner Enterprises by 55.8% during the 4th quarter. Nuance Investments LLC now owns 2,268,348 shares of the transportation company’s stock valued at $96,110,000 after buying an additional 812,563 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Werner Enterprises by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after buying an additional 565,193 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Werner Enterprises by 7.6% during 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 buying an additional 282,210 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Werner Enterprises by 35.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 962,645 shares of the transportation company’s stock valued at $37,495,000 after buying an additional 249,838 shares in the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Werner Enterprises during the 4th quarter valued at $10,302,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

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.