Werner Enterprises (WERN) Hits New 1-Year Low on Analyst Downgrade

Werner Enterprises, Inc. (NASDAQ:WERN)’s share price reached a new 52-week low on Friday after Robert W. Baird lowered their price target on the stock from $40.00 to $38.00. Robert W. Baird currently has a neutral rating on the stock. Werner Enterprises traded as low as $31.66 and last traded at $32.37, with a volume of 90018 shares trading hands. The stock had previously closed at $32.38.

Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Buckingham Research dropped their target price on shares of Werner Enterprises from $53.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, July 24th. ValuEngine upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research restated a “buy” rating and set a $45.00 target price on shares of Werner Enterprises in a report on Saturday, June 30th. Finally, Loop Capital started coverage on shares of Werner Enterprises in a report on Monday, October 1st. They set a “buy” rating and a $42.00 target price for the company. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.80.

Institutional investors have recently added to or reduced their stakes in the business. Green Square Capital LLC acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth about $304,000. First Trust Advisors LP boosted its stake in shares of Werner Enterprises by 139.9% during the 2nd quarter. First Trust Advisors LP now owns 110,445 shares of the transportation company’s stock worth $4,147,000 after purchasing an additional 64,409 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Werner Enterprises by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,711 shares of the transportation company’s stock worth $16,286,000 after purchasing an additional 18,098 shares during the last quarter. Intrinsic Edge Capital Management LLC boosted its stake in shares of Werner Enterprises by 165.0% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock worth $17,387,000 after purchasing an additional 288,314 shares during the last quarter. Finally, Natixis acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth about $696,000. 68.44% of the stock is currently owned by institutional investors.

The company has a market capitalization of $2.39 billion, a PE ratio of 26.35, a PEG ratio of 1.02 and a beta of 1.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.81.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Werner Enterprises had a net margin of 10.09% and a return on equity of 10.71%. The company had revenue of $629.70 million for the quarter, compared to analysts’ expectations of $628.71 million. During the same period last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts predict that Werner Enterprises, Inc. will post 2.25 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Monday, October 1st were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.08%. Werner Enterprises’s dividend payout ratio is presently 28.35%.

Werner Enterprises Company Profile (NASDAQ:WERN)

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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