Werner Enterprises (NASDAQ:WERN) Reaches New 12-Month Low – Here’s What Happened

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) reached a new 52-week low during trading on Tuesday . The stock traded as low as $30.48 and last traded at $30.52, with a volume of 958090 shares traded. The stock had previously closed at $32.14.

Analysts Set New Price Targets

WERN has been the topic of several research reports. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective on the stock in a research note on Friday, January 3rd. Stifel Nicolaus lifted their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company cut their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective for the company. Finally, Barclays cut their target price on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.00.

Werner Enterprises Stock Performance

The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 53.56 and a beta of 0.85. The firm’s 50 day moving average price is $34.72 and its 200-day moving average price is $36.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.90%. Werner Enterprises’s dividend payout ratio (DPR) is currently 101.82%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WERN. Verition Fund Management LLC acquired a new stake in shares of Werner Enterprises in the 3rd quarter valued at $485,000. Intech Investment Management LLC bought a new position in Werner Enterprises in the third quarter valued at about $630,000. Empower Advisory Group LLC increased its position in Werner Enterprises by 4.8% in the third quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock worth $14,000,000 after purchasing an additional 16,637 shares during the period. Edgestream Partners L.P. raised its holdings in Werner Enterprises by 31.1% during the 3rd quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock worth $3,245,000 after purchasing an additional 19,944 shares during the last quarter. Finally, Holocene Advisors LP lifted its position in Werner Enterprises by 19.8% during the 3rd quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock valued at $3,803,000 after purchasing an additional 16,280 shares during the period. 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.