Werner Enterprises (NASDAQ:WERN) Given New $30.00 Price Target at Susquehanna

Werner Enterprises (NASDAQ:WERN - Free Report) had its price target boosted by Susquehanna from $26.00 to $30.00 in a research note released on Thursday, Benzinga reports. Susquehanna currently has a negative rating on the transportation company's stock.

Several other brokerages also recently weighed in on WERN. TD Cowen boosted their price target on Werner Enterprises from $38.00 to $43.00 and gave the company a buy rating in a report on Wednesday, July 31st. UBS Group lowered Werner Enterprises from a buy rating to a neutral rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on Werner Enterprises from $32.00 to $37.00 and gave the company an underweight rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Werner Enterprises from a hold rating to a sell rating in a report on Tuesday, July 16th. Finally, Stephens dropped their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an equal weight rating for the company in a research report on Monday, August 5th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $38.08.

Werner Enterprises Price Performance

Shares of WERN traded up $0.32 during trading hours on Thursday, reaching $37.34. 704,296 shares of the company traded hands, compared to its average volume of 755,421. The stock has a market capitalization of $2.31 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 7.61 and a beta of 0.79. The stock has a fifty day simple moving average of $37.22 and a 200 day simple moving average of $36.91. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. Werner Enterprises's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, research analysts predict that Werner Enterprises will post 0.94 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.50%. Werner Enterprises's payout ratio is currently 42.75%.

Institutional Trading of Werner Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in WERN. Arizona State Retirement System boosted its position in Werner Enterprises by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company's stock valued at $605,000 after purchasing an additional 328 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Werner Enterprises by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company's stock valued at $617,000 after acquiring an additional 414 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company's stock worth $27,000 after acquiring an additional 589 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Werner Enterprises by 7.2% in the 2nd quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company's stock worth $352,000 after acquiring an additional 656 shares during the period. Finally, ProShare Advisors LLC lifted its position in Werner Enterprises by 4.6% in the 1st quarter. ProShare Advisors LLC now owns 14,913 shares of the transportation company's stock valued at $583,000 after purchasing an additional 659 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

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.