StockNews.com Upgrades Werner Enterprises (NASDAQ:WERN) to “Hold”

Werner Enterprises (NASDAQ:WERN) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. UBS Group reduced their target price on shares of Werner Enterprises from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a research note on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. TD Cowen dropped their target price on Werner Enterprises from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group decreased their price target on Werner Enterprises from $28.00 to $25.00 and set a “sell” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company dropped their price objective on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $29.92.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $24.90 on Wednesday. The stock has a market cap of $1.54 billion, a P/E ratio of 45.27 and a beta of 1.06. The company has a fifty day simple moving average of $29.31 and a 200-day simple moving average of $34.60. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises has a 12-month low of $23.02 and a 12-month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). The company had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Equities analysts expect that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its stake in Werner Enterprises by 69.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 483 shares during the period. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises during the 4th quarter valued at $39,000. Blue Trust Inc. increased its stake in shares of Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after acquiring an additional 514 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Werner Enterprises by 796.3% during the fourth 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 in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 639 shares during 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.