Brokerages Set Werner Enterprises, Inc. (NASDAQ:WERN) PT at $37.29

Shares of Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) have earned an average rating of "Reduce" from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $37.29.

Several analysts have recently issued reports on WERN shares. Barclays decreased their price target on Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. StockNews.com upgraded shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company cut their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Susquehanna raised Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 target price on the stock in a research report on Friday, January 3rd. Finally, Stifel Nicolaus boosted their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd.

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Hedge Funds Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in shares of Werner Enterprises in the third quarter valued at approximately $485,000. Intech Investment Management LLC bought a new position in Werner Enterprises in the 3rd quarter valued at $630,000. Empower Advisory Group LLC boosted its stake in Werner Enterprises by 4.8% in the third quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company's stock worth $14,000,000 after purchasing an additional 16,637 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Werner Enterprises by 31.1% during the third quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company's stock worth $3,245,000 after purchasing an additional 19,944 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Werner Enterprises by 19.8% in the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company's stock valued at $3,803,000 after buying an additional 16,280 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Down 1.7 %

Werner Enterprises stock traded down $0.57 during mid-day trading on Friday, hitting $31.99. The company's stock had a trading volume of 375,809 shares, compared to its average volume of 696,368. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The company has a market cap of $1.98 billion, a PE ratio of 58.16 and a beta of 0.84. The firm's 50 day moving average is $35.45 and its 200 day moving average is $37.14. Werner Enterprises has a 52-week low of $31.87 and a 52-week high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings results 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 net margin of 1.13% and a return on equity of 2.27%. On average, analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Monday, April 14th. Werner Enterprises's payout ratio is 101.82%.

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.