Werner Enterprises (NASDAQ:WERN) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Werner Enterprises (NASDAQ:WERN) in a report released on Tuesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a $32.00 target price on the transportation company’s stock, down from their prior target price of $36.00.

Other equities research analysts have also issued reports about the company. Stephens reiterated an equal weight rating and set a $40.00 price target on shares of Werner Enterprises in a report on Thursday, May 16th. Stifel Nicolaus reduced their price target on Werner Enterprises from $42.00 to $39.00 and set a hold rating for the company in a report on Thursday, April 18th. Barclays reduced their price target on Werner Enterprises from $40.00 to $36.00 and set an equal weight rating for the company in a report on Thursday, May 2nd. Bank of America reduced their price target on Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a report on Monday, April 15th. Finally, Evercore ISI reduced their price target on Werner Enterprises from $35.00 to $33.00 and set an in-line rating for the company in a report on Tuesday, June 25th. Four research analysts have rated the stock with a sell rating, seven have issued 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 $38.69.

Werner Enterprises Trading Up 3.4 %

Shares of NASDAQ WERN opened at $35.84 on Tuesday. Werner Enterprises has a one year low of $33.12 and a one year high of $47.27. The firm has a market capitalization of $2.27 billion, a PE ratio of 27.36, a PEG ratio of 2.92 and a beta of 0.80. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $38.19.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The business had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. The company’s revenue was down 7.6% compared to the same quarter last year. As a group, analysts predict that Werner Enterprises will post 1.32 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Monday, July 1st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, July 1st. Werner Enterprises’s dividend payout ratio is currently 42.75%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WERN. Nuance Investments LLC increased its position in Werner Enterprises by 55.8% in the 4th quarter. Nuance Investments LLC now owns 2,268,348 shares of the transportation company’s stock worth $96,110,000 after buying an additional 812,563 shares during the period. Vanguard Group Inc. increased its position in Werner Enterprises by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock worth $272,021,000 after buying an additional 565,193 shares during the period. Victory Capital Management Inc. increased its position in Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock worth $168,369,000 after buying an additional 282,210 shares during the period. First Eagle Investment Management LLC bought a new position in Werner Enterprises in the 4th quarter worth approximately $10,302,000. Finally, Norges Bank bought a new position in Werner Enterprises in the 4th quarter worth approximately $8,855,000. 89.32% of the stock is owned by institutional investors.

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.