Werner Enterprises, Inc. (NASDAQ:WERN) Receives Average Rating of "Reduce" from Brokerages

Shares of Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) have been given a consensus recommendation of "Reduce" by the fourteen ratings firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $37.50.

A number of analysts have weighed in on the stock. Susquehanna raised shares of Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 target price on the stock in a research note on Friday, January 3rd. Barclays lifted their price target on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Wells Fargo & Company cut their price target on shares of Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, October 30th. Evercore ISI cut their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd.

Werner Enterprises Price Performance

Shares of NASDAQ WERN traded down $0.11 during midday trading on Monday, reaching $34.87. 922,394 shares of the company were exchanged, compared to its average volume of 706,736. The stock's 50-day moving average price is $37.31 and its 200-day moving average price is $37.59. The stock has a market cap of $2.16 billion, a P/E ratio of 47.77, a PEG ratio of 15.87 and a beta of 0.84. Werner Enterprises has a one year low of $33.12 and a one year high of $42.48. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, January 2nd. Werner Enterprises's payout ratio is presently 76.71%.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in WERN. GAMMA Investing LLC grew its position in Werner Enterprises by 145.7% in 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. Blue Trust Inc. lifted its stake in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after buying an additional 514 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company's stock valued at $60,000 after buying an additional 1,482 shares in the last quarter. KBC Group NV lifted its stake in Werner Enterprises by 43.1% in the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock worth $80,000 after purchasing an additional 624 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Werner Enterprises in the 3rd quarter worth approximately $96,000. 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.