Werner Enterprises, Inc. (NASDAQ:WERN) Receives $37.50 Average Target Price from Analysts

Werner Enterprises, Inc. (NASDAQ:WERN) has been assigned an average recommendation of “Reduce” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $37.50.

Several research firms have weighed in on WERN. Wells Fargo & Company cut their target price on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group cut their price target on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. TD Cowen increased their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating 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 research report on Thursday, January 23rd.

Werner Enterprises Trading Down 0.1 %

Shares of NASDAQ WERN opened at $34.84 on Monday. The company has a 50-day moving average of $37.19 and a two-hundred day moving average of $37.57. Werner Enterprises has a 1-year low of $33.12 and a 1-year high of $42.48. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.15 billion, a PE ratio of 47.73, a P/E/G ratio of 15.87 and a beta of 0.84.

Werner Enterprises Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Nuance Investments LLC increased its position in shares of Werner Enterprises by 24.5% during the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock worth $152,195,000 after purchasing an additional 776,277 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after buying an additional 143,953 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Werner Enterprises by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company’s stock worth $26,267,000 after buying an additional 43,074 shares during the last quarter. abrdn plc raised its position in Werner Enterprises by 26.9% during the third quarter. abrdn plc now owns 497,430 shares of the transportation company’s stock worth $19,196,000 after acquiring an additional 105,488 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its position in Werner Enterprises by 2.0% during the third quarter. Pinnacle Associates Ltd. now owns 460,453 shares of the transportation company’s stock worth $19,509,000 after acquiring an additional 9,143 shares in the last quarter. 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.