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

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

Several other equities research analysts also recently weighed in on the company. Susquehanna increased their price target on Werner Enterprises from $23.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Wall Street Zen downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. increased their target price on Werner Enterprises from $23.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday. UBS Group lowered their target price on shares of Werner Enterprises from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, TD Cowen cut their price target on shares of Werner Enterprises from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $30.57.

Werner Enterprises Price Performance

WERN stock opened at $33.54 on Tuesday. The stock has a market cap of $2.01 billion, a PE ratio of 81.80, a P/E/G ratio of 0.83 and a beta of 1.07. Werner Enterprises has a 12 month low of $23.02 and a 12 month high of $38.60. The company has a 50-day moving average price of $28.77 and a 200 day moving average price of $28.14. The company has a current ratio of 1.62, a quick ratio of 1.59 and a debt-to-equity ratio of 0.52.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). The firm had revenue of $712.04 million during 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%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. Equities research analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Monday, January 5th will be given a dividend of $0.14 per share. 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 is presently 136.59%.

Institutional Trading of Werner Enterprises

A number of hedge funds have recently added to or reduced their stakes in WERN. Elevation Point Wealth Partners LLC bought a new position in Werner Enterprises during the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Werner Enterprises by 57.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 373 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Werner Enterprises by 289.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,293 shares of the transportation company’s stock worth $34,000 after purchasing an additional 961 shares during the period. Fifth Third Bancorp boosted its stake in shares of Werner Enterprises by 306.9% during the second quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 976 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Werner Enterprises by 413.1% during the second quarter. GAMMA Investing LLC now owns 2,191 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,764 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.