Stifel Nicolaus Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $32.00

Werner Enterprises (NASDAQ:WERN - Free Report) had its price target decreased by Stifel Nicolaus from $33.00 to $32.00 in a research report report published on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company's stock.

Several other research analysts have also recently issued reports on the company. Stephens decreased their price target on Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, August 5th. Morgan Stanley dropped their target price on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a "sell" rating on the stock in a research note on Wednesday, October 9th. StockNews.com lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Tuesday, July 16th. Finally, Susquehanna cut their price objective on Werner Enterprises from $30.00 to $28.00 and set a "negative" rating for the company in a research report on Friday. Seven research 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $36.29.

Werner Enterprises Stock Down 0.6 %

WERN traded down $0.23 on Monday, reaching $37.31. The company's stock had a trading volume of 608,672 shares, compared to its average volume of 754,037. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $43.26. The business's 50 day moving average is $37.10 and its 200 day moving average is $36.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.64. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 51.11, a price-to-earnings-growth ratio of 13.12 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The firm had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company's quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. As a group, research analysts forecast that Werner Enterprises will post 0.77 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, October 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.50%. Werner Enterprises's dividend payout ratio is 76.71%.

Hedge Funds Weigh In On Werner Enterprises

A number of hedge funds have recently added to or reduced their stakes in WERN. Massmutual Trust Co. FSB ADV raised its holdings in Werner Enterprises by 390.1% in the 2nd 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 period. Canada Pension Plan Investment Board acquired a new position in Werner Enterprises in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC grew its holdings in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock worth $31,000 after purchasing an additional 475 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Werner Enterprises in the second quarter valued at $29,000. Finally, Quest Partners LLC bought a new position in Werner Enterprises in the second quarter worth $30,000. Institutional investors and hedge funds 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.