Werner Enterprises (NASDAQ:WERN) Price Target Raised to $25.00

Werner Enterprises (NASDAQ:WERN) had its target price raised by Wells Fargo & Company from $24.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on the company. Susquehanna boosted their target price on Werner Enterprises from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays dropped their target price on Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. UBS Group dropped their price target on Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group raised Werner Enterprises from a “sell” rating to a “buy” rating and upped their price target for the company from $25.00 to $39.00 in a report on Monday, June 2nd. Finally, Evercore ISI upped their price target on Werner Enterprises from $21.00 to $25.00 and gave the company an “underperform” rating in a report on Wednesday. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.87.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $26.85 on Wednesday. Werner Enterprises has a 12 month low of $23.02 and a 12 month high of $42.48. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.75 and a beta of 1.08. The stock’s 50 day moving average price is $27.81 and its 200 day moving average price is $29.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 1.62.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. Werner Enterprises had a return on equity of 0.92% and a net margin of 1.77%. The firm had revenue of $753.15 million for the quarter, compared to analysts’ expectations of $736.09 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, July 7th. Werner Enterprises’s payout ratio is presently 193.10%.

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Werner Enterprises by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,813,038 shares of the transportation company’s stock worth $199,622,000 after purchasing an additional 82,581 shares in the last quarter. Victory Capital Management Inc. grew its position in Werner Enterprises by 5.0% during the 1st quarter. Victory Capital Management Inc. now owns 3,641,546 shares of the transportation company’s stock worth $106,697,000 after purchasing an additional 173,572 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Werner Enterprises by 9.2% during the 1st quarter. American Century Companies Inc. now owns 2,170,527 shares of the transportation company’s stock valued at $63,596,000 after acquiring an additional 183,340 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Werner Enterprises by 0.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock valued at $76,211,000 after acquiring an additional 19,370 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Werner Enterprises by 7.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,965,037 shares of the transportation company’s stock valued at $56,023,000 after acquiring an additional 129,850 shares in the last quarter. 89.32% of the stock is currently owned by hedge funds and other 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.