Werner Enterprises (NASDAQ:WERN) Given New $28.00 Price Target at Susquehanna

Werner Enterprises (NASDAQ:WERN - Free Report) had its price objective decreased by Susquehanna from $30.00 to $28.00 in a research report released on Friday morning, Benzinga reports. Susquehanna currently has a negative rating on the transportation company's stock.

WERN has been the subject of several other research reports. Evercore ISI lowered their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating for the company in a report on Wednesday. Citigroup initiated coverage on shares of Werner Enterprises in a report on Wednesday, October 9th. They set a "sell" rating and a $34.00 price target for the company. Stifel Nicolaus reduced their price objective on shares of Werner Enterprises from $39.00 to $33.00 and set a "hold" rating for the company in a research report on Thursday, August 1st. Stephens reduced their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating for the company in a research report on Wednesday. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $36.36.

Werner Enterprises Stock Up 1.8 %

Shares of NASDAQ WERN traded up $0.65 during midday trading on Friday, hitting $37.54. The company's stock had a trading volume of 634,081 shares, compared to its average volume of 754,724. The business's fifty day simple moving average is $37.10 and its two-hundred day simple moving average is $36.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.64. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $43.26. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 51.26, a price-to-earnings-growth ratio of 12.04 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The firm had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. During the same quarter last year, the firm earned $0.42 EPS. The company's revenue was down 8.8% on a year-over-year basis. On average, equities analysts predict that Werner Enterprises will post 0.85 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. Werner Enterprises's payout ratio is 76.71%.

Institutional Investors Weigh In On Werner Enterprises

A number of large investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company's stock worth $184,000 after purchasing an additional 3,489 shares during the last quarter. Congress Asset Management Co. boosted its stake in shares of Werner Enterprises by 10.1% during the 3rd quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company's stock worth $14,265,000 after purchasing an additional 33,891 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Werner Enterprises by 13.9% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company's stock worth $279,000 after purchasing an additional 906 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Werner Enterprises by 2.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 460,453 shares of the transportation company's stock worth $19,509,000 after purchasing an additional 9,143 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Werner Enterprises by 26.9% during the 3rd quarter. abrdn plc now owns 497,430 shares of the transportation company's stock worth $19,196,000 after acquiring an additional 105,488 shares during the period. 89.32% of the stock is 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.