Susquehanna Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $32.00

Werner Enterprises (NASDAQ:WERN - Free Report) had its target price trimmed by Susquehanna from $39.00 to $32.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company's stock.

Several other research analysts have also issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a "hold" rating and a $33.00 target price on the stock. Stifel Nicolaus increased their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Barclays lowered their price objective on Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Finally, StockNews.com upgraded Werner Enterprises from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $36.13.

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Werner Enterprises Trading Down 1.6 %

Shares of NASDAQ:WERN traded down $0.47 during mid-day trading on Wednesday, reaching $29.33. 527,598 shares of the company's stock were exchanged, compared to its average volume of 764,177. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. Werner Enterprises has a twelve month low of $28.77 and a twelve month high of $42.48. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 53.33 and a beta of 0.85. The business's fifty day moving average price is $33.23 and its 200-day moving average price is $36.22.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS 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, research analysts predict that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.91%. 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

A number of large investors have recently modified their holdings of the stock. Verition Fund Management LLC purchased a new stake in Werner Enterprises in the 3rd quarter valued at $485,000. Intech Investment Management LLC purchased a new stake in shares of Werner Enterprises in the third quarter valued at about $630,000. Edgestream Partners L.P. lifted its position 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 valued at $3,245,000 after purchasing an additional 19,944 shares in the last quarter. Holocene Advisors LP grew its position in Werner Enterprises by 19.8% in the 3rd quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company's stock worth $3,803,000 after purchasing an additional 16,280 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Werner Enterprises in the 3rd quarter valued at about $1,408,000. Institutional investors own 89.32% of the company's stock.

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.