Werner Enterprises (NASDAQ:WERN) Given New $38.00 Price Target at Barclays

Werner Enterprises (NASDAQ:WERN) had its price target decreased by Barclays from $40.00 to $38.00 in a research report released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

WERN has been the topic of a number of other reports. Evercore ISI cut their price objective on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley cut their price target on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their target price 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. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $37.29.

Werner Enterprises Stock Down 0.6 %

Shares of NASDAQ WERN opened at $34.44 on Friday. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $42.48. The stock’s fifty day simple moving average is $36.95 and its two-hundred day simple moving average is $37.53. The stock has a market capitalization of $2.13 billion, a PE ratio of 62.62, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly 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 return on equity of 2.26% and a net margin of 1.13%. As a group, analysts expect that Werner Enterprises will post 1.31 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WERN. Verition Fund Management LLC purchased a new position in shares of Werner Enterprises during the third quarter worth $485,000. Intech Investment Management LLC acquired a new stake in shares of Werner Enterprises during the 3rd quarter worth about $630,000. Empower Advisory Group LLC lifted its position in shares of Werner Enterprises by 4.8% during the 3rd quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock worth $14,000,000 after buying an additional 16,637 shares during the last quarter. Edgestream Partners L.P. boosted its stake in Werner Enterprises by 31.1% in the third quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock valued at $3,245,000 after acquiring an additional 19,944 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of Werner Enterprises by 19.8% in the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock valued at $3,803,000 after acquiring an additional 16,280 shares during the period. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

About Werner Enterprises

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.