Werner Enterprises (NASDAQ:WERN) Price Target Raised to $31.00 at Evercore ISI

Werner Enterprises (NASDAQ:WERN) had its target price increased by Evercore ISI from $20.00 to $31.00 in a report published on Tuesday morning,Benzinga reports. They currently have an underperform rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Werner Enterprises in a report on Monday, December 22nd. TD Cowen dropped their price target on Werner Enterprises from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Morgan Stanley increased their price target on Werner Enterprises from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Wells Fargo & Company upgraded Werner Enterprises from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $22.00 to $34.00 in a research report on Tuesday, January 6th. Finally, Citigroup upped their target price on Werner Enterprises from $27.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Werner Enterprises has a consensus rating of “Reduce” and a consensus price target of $30.00.

Werner Enterprises Stock Up 0.5%

NASDAQ WERN opened at $33.22 on Tuesday. Werner Enterprises has a one year low of $23.02 and a one year high of $38.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.59 and a current ratio of 1.62. The business has a fifty day moving average price of $28.49 and a 200 day moving average price of $28.06. The company has a market cap of $1.99 billion, a P/E ratio of 81.02, a P/E/G ratio of 0.80 and a beta of 1.07.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 30th. The transportation company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). The business had revenue of $712.04 million for the quarter, compared to analysts’ expectations of $763.63 million. Werner Enterprises had a return on equity of 0.14% and a net margin of 0.85%.Werner Enterprises’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. Research analysts anticipate that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Monday, January 5th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, January 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. Werner Enterprises’s dividend payout ratio is currently 136.59%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Werner Enterprises by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,791,148 shares of the transportation company’s stock worth $99,782,000 after acquiring an additional 24,204 shares in the last quarter. First Trust Advisors LP boosted its holdings in Werner Enterprises by 5.7% in the third quarter. First Trust Advisors LP now owns 3,058,938 shares of the transportation company’s stock valued at $80,511,000 after purchasing an additional 165,233 shares during the period. American Century Companies Inc. grew its stake in Werner Enterprises by 5.4% during the 3rd quarter. American Century Companies Inc. now owns 2,404,508 shares of the transportation company’s stock worth $63,287,000 after purchasing an additional 123,513 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in 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 worth $56,023,000 after purchasing an additional 129,850 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Werner Enterprises by 14.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 745,147 shares of the transportation company’s stock valued at $20,387,000 after purchasing an additional 94,440 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.