Werner Enterprises (NASDAQ:WERN) Upgraded by Wall Street Zen to “Hold” Rating

Werner Enterprises (NASDAQ:WERN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other research analysts also recently commented on WERN. Evercore raised their price objective on Werner Enterprises from $20.00 to $31.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 13th. Morgan Stanley increased their target price on shares of Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. TD Cowen lifted their price target on shares of Werner Enterprises from $31.00 to $39.00 and gave the company a “hold” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Werner Enterprises in a research report on Monday, December 22nd. Finally, UBS Group raised their price objective on shares of Werner Enterprises from $25.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $33.14.

Werner Enterprises Stock Up 2.2%

WERN opened at $35.43 on Monday. The firm’s 50 day simple moving average is $33.00 and its two-hundred day simple moving average is $29.26. The company has a market capitalization of $2.12 billion, a PE ratio of -147.63, a PEG ratio of 0.83 and a beta of 1.08. Werner Enterprises has a 1-year low of $23.02 and a 1-year high of $38.45. The company has a current ratio of 1.94, a quick ratio of 1.90 and a debt-to-equity ratio of 0.55.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.05 earnings per share (EPS) 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 business had revenue of $737.64 million for the quarter, compared to the consensus estimate of $767.51 million. During the same period in the previous year, the firm earned $0.08 EPS. The company’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WERN. State of Alaska Department of Revenue increased 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 worth $914,000 after purchasing an additional 336 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $28,000 after buying an additional 373 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Werner Enterprises by 0.3% in 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 worth $3,717,000 after acquiring an additional 401 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings 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 worth $165,000 after acquiring an additional 403 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Werner Enterprises by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock valued at $1,758,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

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.