Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $29.00 at Stifel Nicolaus

Werner Enterprises (NASDAQ:WERN - Free Report) had its price objective decreased by Stifel Nicolaus from $35.00 to $29.00 in a research report sent to investors on Monday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company's stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company cut their target price on Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Barclays decreased their price target on shares of Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and reduced their price target for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. The Goldman Sachs Group cut their target price on Werner Enterprises from $36.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Finally, Susquehanna reduced 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. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $34.71.

Werner Enterprises Stock Up 3.4 %

WERN stock traded up $0.94 during midday trading on Monday, hitting $28.30. The company's stock had a trading volume of 1,184,849 shares, compared to its average volume of 797,360. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises has a 12 month low of $26.50 and a 12 month high of $42.48. The company has a market cap of $1.75 billion, a PE ratio of 51.45 and a beta of 1.06. The firm's 50-day moving average is $30.55 and its 200-day moving average is $35.17.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share 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%. On average, equities research analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises's dividend payout ratio is currently 101.82%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. bought a new stake in shares of Werner Enterprises in the 4th quarter worth approximately $35,257,000. Wellington Management Group LLP bought a new stake in shares of Werner Enterprises during the fourth quarter worth approximately $31,634,000. American Century Companies Inc. boosted its position in shares of Werner Enterprises by 13.4% in the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock worth $71,380,000 after purchasing an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Werner Enterprises by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock worth $59,010,000 after buying an additional 143,953 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Werner Enterprises by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock valued at $7,557,000 after purchasing an additional 124,574 shares during the period. 89.32% of the stock is owned by institutional investors.

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.