Werner Enterprises (NASDAQ:WERN) Sets New 52-Week Low - Here's What Happened

Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $28.62 and last traded at $29.01, with a volume of 29586 shares trading hands. The stock had previously closed at $29.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays cut their price objective on Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday. Susquehanna reduced their price target on shares of Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on shares of Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus raised their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Werner Enterprises has a consensus rating of "Hold" and an average target price of $35.73.

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Werner Enterprises Stock Performance

The firm has a 50 day moving average of $32.78 and a two-hundred day moving average of $36.07. 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 stock has a market cap of $1.69 billion, a PE ratio of 49.71 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its 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%. Research analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal 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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises's dividend payout ratio (DPR) is currently 101.82%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Werner Enterprises by 69.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after acquiring an additional 483 shares during the period. Headlands Technologies LLC purchased a new stake in Werner Enterprises in the 4th quarter valued at $39,000. Blue Trust Inc. boosted its stake in Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after purchasing an additional 514 shares during the period. Sterling Capital Management LLC grew its position in Werner Enterprises by 796.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock worth $61,000 after purchasing an additional 1,513 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Werner Enterprises by 35.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock worth $87,000 after purchasing an additional 639 shares during the last quarter. Hedge funds and other 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.