Werner Enterprises (NASDAQ:WERN) Price Target Cut to $32.00 by Analysts at Barclays

Werner Enterprises (NASDAQ:WERN - Free Report) had its price target cut by Barclays from $38.00 to $32.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the transportation company's stock.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a "hold" rating and a $33.00 price target on the stock. StockNews.com raised Werner Enterprises from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. Wells Fargo & Company lowered their price objective on Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus raised their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Susquehanna dropped their price target on Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 26th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.73.

Werner Enterprises Trading Down 3.9 %

Shares of WERN traded down $1.10 during midday trading on Wednesday, hitting $26.80. The stock had a trading volume of 567,358 shares, compared to its average volume of 776,026. The business has a 50-day simple moving average of $32.40 and a two-hundred day simple moving average of $35.92. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.66 billion, a P/E ratio of 48.84 and a beta of 1.06. Werner Enterprises has a fifty-two week low of $26.53 and a fifty-two week high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, equities analysts forecast that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises's dividend payout ratio is presently 101.82%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Werner Enterprises by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company's stock valued at $26,267,000 after buying an additional 43,074 shares during the last quarter. FMR LLC lifted its stake in shares of Werner Enterprises by 171.8% during the 3rd quarter. FMR LLC now owns 11,743 shares of the transportation company's stock worth $453,000 after purchasing an additional 7,422 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Werner Enterprises by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 22,925 shares of the transportation company's stock valued at $885,000 after acquiring an additional 8,746 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Werner Enterprises by 111.3% during the third quarter. Glenmede Trust Co. NA now owns 15,543 shares of the transportation company's stock worth $600,000 after acquiring an additional 8,188 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Werner Enterprises by 31.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,319 shares of the transportation company's stock worth $398,000 after purchasing an additional 2,464 shares during the last quarter. Hedge funds and other 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.