Werner Enterprises (NASDAQ:WERN) Given New $42.00 Price Target at Robert W. Baird

Werner Enterprises (NASDAQ:WERN) had its target price decreased by Robert W. Baird from $46.00 to $42.00 in a report issued on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the transportation company’s stock.

Other analysts also recently issued reports about the company. TD Cowen increased their price objective on Werner Enterprises from $40.00 to $43.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Morgan Stanley cut their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an overweight rating on the stock in a report on Wednesday, February 7th. Susquehanna cut their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a neutral rating on the stock in a report on Monday, March 25th. Stifel Nicolaus dropped their price target on Werner Enterprises from $42.00 to $39.00 and set a hold rating on the stock in a report on Thursday, April 18th. Finally, Stephens reaffirmed an overweight rating and set a $49.00 target price on shares of Werner Enterprises in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Werner Enterprises currently has an average rating of Hold and an average price target of $42.85.

Werner Enterprises Price Performance

WERN stock opened at $35.17 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.04 and a beta of 0.82. The company’s fifty day simple moving average is $37.82 and its 200 day simple moving average is $39.13. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $47.27.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.16% and a net margin of 2.59%. The company had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, analysts expect that Werner Enterprises will post 1.91 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, April 12th. Werner Enterprises’s dividend payout ratio (DPR) is currently 42.75%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Nuance Investments LLC boosted its position in shares of Werner Enterprises by 55.8% in the fourth quarter. Nuance Investments LLC now owns 2,268,348 shares of the transportation company’s stock valued at $96,110,000 after acquiring an additional 812,563 shares during the period. Vanguard Group Inc. lifted its stake 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 worth $272,021,000 after purchasing an additional 565,193 shares in the last quarter. Victory Capital Management Inc. boosted its holdings 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 purchasing an additional 282,210 shares during the period. Bank of New York Mellon Corp boosted its holdings in Werner Enterprises by 35.0% in 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 purchasing an additional 249,838 shares during the period. Finally, First Eagle Investment Management LLC bought a new position in shares of Werner Enterprises in the fourth quarter worth $10,302,000. 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.