Werner Enterprises (NASDAQ:WERN) Downgraded by Wall Street Zen to “Sell”

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

WERN has been the topic of a number of other reports. Wells Fargo & Company raised their price target on shares of Werner Enterprises from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Citigroup reissued a “sell” rating and issued a $34.00 target price on shares of Werner Enterprises in a report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on Werner Enterprises from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Friday, February 6th. UBS Group raised their price target on Werner Enterprises from $25.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Finally, Barclays increased their target price on Werner Enterprises from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Werner Enterprises presently has an average rating of “Reduce” and a consensus target price of $33.14.

Werner Enterprises Trading Up 1.8%

Shares of NASDAQ WERN opened at $33.21 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $32.57 and its two-hundred day moving average price is $29.02. Werner Enterprises has a 52-week low of $23.02 and a 52-week high of $38.45. The stock has a market capitalization of $1.99 billion, a P/E ratio of -138.38, a PEG ratio of 0.78 and a beta of 1.08.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Werner Enterprises had a negative net margin of 0.48% and a positive return on equity of 0.04%. The firm had revenue of $737.64 million during the quarter, compared to the consensus estimate of $767.51 million. During the same quarter last year, the firm posted $0.08 earnings per share. Werner Enterprises’s revenue was down 2.3% compared to the same quarter last year. On average, analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Werner Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its holdings in shares of Werner Enterprises by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 336 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Werner Enterprises by 57.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock worth $28,000 after purchasing an additional 373 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after purchasing an additional 401 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Werner Enterprises by 6.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,271 shares of the transportation company’s stock valued at $165,000 after purchasing an additional 403 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Werner Enterprises by 0.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock worth $1,758,000 after buying an additional 503 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.