Werner Enterprises (NASDAQ:WERN) Sets New 12-Month Low – Time to Sell?

Werner Enterprises, Inc. (NASDAQ:WERN)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $28.62 and last traded at $29.01, with a volume of 29586 shares. The stock had previously closed at $29.30.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WERN. Barclays lowered their price target on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They set a “hold” rating and a $33.00 target price on the stock. 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 note on Thursday, January 23rd. Susquehanna decreased their price objective on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Finally, Wells Fargo & Company dropped their target price on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average price target of $35.73.

Werner Enterprises Stock Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market cap of $1.86 billion, a PE ratio of 54.69 and a beta of 0.85. The business has a 50-day simple moving average of $32.78 and a 200 day simple moving average of $36.07.

Werner Enterprises (NASDAQ:WERN) last released its earnings results 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%. Equities research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.86%. Werner Enterprises’s payout ratio is presently 101.82%.

Hedge Funds Weigh In On Werner Enterprises

A number of hedge funds have recently made changes to their positions in WERN. MassMutual Private Wealth & Trust FSB raised its position in shares of Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock valued at $34,000 after buying an additional 483 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Werner Enterprises in the fourth quarter worth about $31,634,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Werner Enterprises by 14.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,453 shares of the transportation company’s stock worth $4,542,000 after buying an additional 16,366 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Werner Enterprises by 70.5% during the fourth quarter. Squarepoint Ops LLC now owns 55,917 shares of the transportation company’s stock valued at $2,009,000 after buying an additional 23,120 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Werner Enterprises by 75.3% during the 4th quarter. Two Sigma Advisers LP now owns 224,700 shares of the transportation company’s stock valued at $8,071,000 after buying an additional 96,500 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.