Werner Enterprises (NASDAQ:WERN) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Werner Enterprises (NASDAQ:WERNFree Report) from a hold rating to a sell rating in a research report report published on Monday.

Several other equities analysts also recently weighed in on the company. Evercore ISI dropped their target price on Werner Enterprises from $39.00 to $35.00 and set an in-line rating for the company in a research report on Wednesday, May 1st. Stephens restated an equal weight rating and issued a $40.00 price target on shares of Werner Enterprises in a research note on Thursday, May 16th. JPMorgan Chase & Co. reduced their price objective on Werner Enterprises from $37.00 to $36.00 and set a neutral rating on the stock in a research note on Wednesday, May 1st. TD Cowen lowered their target price on Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a research note on Wednesday, May 1st. Finally, Robert W. Baird decreased their price objective on Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $40.83.

Read Our Latest Research Report on Werner Enterprises

Werner Enterprises Price Performance

Werner Enterprises stock opened at $37.17 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.85 and a current ratio of 1.90. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.82. The company’s 50 day simple moving average is $37.00 and its 200-day simple moving average is $39.11. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27.

Werner Enterprises (NASDAQ:WERNGet Free Report) last announced its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The firm had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. During the same period in the previous year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities research analysts expect that Werner Enterprises will post 1.46 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Monday, July 1st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, June 28th. Werner Enterprises’s payout ratio is 42.75%.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of WERN. SummerHaven Investment Management LLC grew its holdings in shares of Werner Enterprises by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock worth $702,000 after purchasing an additional 259 shares during the last quarter. WealthPlan Investment Management LLC increased its position in Werner Enterprises by 2.2% during the fourth quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock worth $606,000 after buying an additional 301 shares during the period. Alliance Wealth Advisors LLC UT increased its position in Werner Enterprises by 3.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock worth $421,000 after buying an additional 308 shares during the period. QRG Capital Management Inc. lifted its stake in Werner Enterprises by 5.2% in the fourth quarter. QRG Capital Management Inc. now owns 6,576 shares of the transportation company’s stock valued at $279,000 after buying an additional 328 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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