Werner Enterprises (NASDAQ:WERN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Werner Enterprises (NASDAQ:WERN) from a strong sell rating to a hold rating in a research report report published on Saturday morning.

Other equities research analysts also recently issued reports about the company. Bank of America lifted their price objective on Werner Enterprises from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Friday, June 13th. Barclays dropped their price objective on Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. TD Cowen dropped their price objective on Werner Enterprises from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. UBS Group dropped their price objective on Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Finally, Robert W. Baird assumed coverage on Werner Enterprises in a research report on Tuesday, July 1st. They set an “underperform” rating and a $25.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Werner Enterprises presently has a consensus rating of “Hold” and an average target price of $30.87.

Werner Enterprises Price Performance

Shares of WERN stock opened at $27.03 on Friday. The company has a market capitalization of $1.67 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The firm has a fifty day simple moving average of $27.83 and a 200-day simple moving average of $29.61. The company has a current ratio of 1.74, a quick ratio of 1.70 and a debt-to-equity ratio of 0.51. Werner Enterprises has a twelve month low of $23.02 and a twelve month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.06. Werner Enterprises had a return on equity of 0.92% and a net margin of 1.77%. The company had revenue of $753.15 million for the quarter, compared to the consensus estimate of $736.09 million. During the same period in the previous year, the business earned $0.17 EPS. Werner Enterprises’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Monday, July 7th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, July 7th. Werner Enterprises’s dividend payout ratio is presently 65.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group boosted its position in Werner Enterprises by 163.5% during the 1st quarter. Brooklyn Investment Group now owns 959 shares of the transportation company’s stock worth $28,000 after acquiring an additional 595 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Werner Enterprises by 57.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock worth $28,000 after acquiring an additional 373 shares during the period. Headlands Technologies LLC acquired a new position in Werner Enterprises during the 4th quarter worth $39,000. MassMutual Private Wealth & Trust FSB boosted its position 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 worth $34,000 after acquiring an additional 483 shares during the period. Finally, Fifth Third Bancorp boosted its position in Werner Enterprises by 306.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company’s stock worth $35,000 after acquiring an additional 976 shares during the period. 89.32% of the stock is currently owned by institutional investors.

About Werner Enterprises

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.