Werner Enterprises (NASDAQ:WERN) Reaches New 52-Week Low – What’s Next?

Werner Enterprises, Inc. (NASDAQ:WERN)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $30.90 and last traded at $31.13, with a volume of 1191138 shares traded. The stock had previously closed at $31.97.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Barclays dropped their price objective on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a research report on Friday, January 3rd. Five 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.29.

Werner Enterprises Trading Up 2.3 %

The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 58.69 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The business has a 50 day simple moving average of $35.18 and a 200-day simple moving average of $37.02.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (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, equities analysts predict that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s payout ratio is currently 101.82%.

Institutional Trading of Werner Enterprises

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Werner Enterprises during the 4th quarter worth about $39,000. Blue Trust Inc. grew its holdings in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares during the period. International Assets Investment Management LLC boosted its holdings in Werner Enterprises by 2,390.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock worth $60,000 after acquiring an additional 1,482 shares during the period. Sterling Capital Management LLC boosted its holdings in Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after acquiring an additional 1,513 shares during the period. Finally, KBC Group NV boosted its holdings in Werner Enterprises by 43.1% in the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after acquiring an additional 624 shares during the period. Hedge funds and other 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.