Werner Enterprises (NASDAQ:WERN) Price Target Raised to $29.00

Werner Enterprises (NASDAQ:WERN) had its price target hoisted by Susquehanna from $23.00 to $29.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Evercore ISI lowered their target price on shares of Werner Enterprises from $23.00 to $20.00 and set an “underperform” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company upgraded shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $22.00 to $34.00 in a research report on Tuesday, January 6th. Wall Street Zen lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. TD Cowen cut their target price on shares of Werner Enterprises from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Werner Enterprises in a report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $28.71.

Werner Enterprises Trading Up 0.7%

Shares of WERN opened at $33.24 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.59 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.99 billion, a PE ratio of 81.07, a PEG ratio of 0.81 and a beta of 1.07. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $38.60. The stock has a 50 day simple moving average of $28.20 and a 200-day simple moving average of $27.98.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.18). Werner Enterprises had a net margin of 0.85% and a return on equity of 0.14%. The company had revenue of $712.04 million during the quarter, compared to analyst estimates of $763.63 million. During the same period in the prior year, the firm earned $0.15 EPS. Werner Enterprises’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Monday, January 5th will be issued a $0.14 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 136.59%.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in WERN. Elevation Point Wealth Partners LLC bought a new position in Werner Enterprises in the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of Werner Enterprises by 57.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock worth $28,000 after buying an additional 373 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Werner Enterprises by 289.5% during the third quarter. Hantz Financial Services Inc. now owns 1,293 shares of the transportation company’s stock worth $34,000 after buying an additional 961 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Werner Enterprises by 306.9% in the second quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company’s stock valued at $35,000 after buying an additional 976 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Werner Enterprises by 413.1% in the second quarter. GAMMA Investing LLC now owns 2,191 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 1,764 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

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.