Werner Enterprises (NASDAQ:WERN) Downgraded to “Hold” Rating by Zacks Research

by · The Markets Daily

Zacks Research downgraded shares of Werner Enterprises (NASDAQ:WERN – Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently commented on WERN. Bank of America lifted their target price on shares of Werner Enterprises from $31.00 to $36.00 and gave the stock an “underperform” rating in a research note on Thursday, July 23rd. UBS Group lifted their price target on shares of Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. TD Cowen decreased their price objective on Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Werner Enterprises in a research report on Friday, July 24th. Finally, Citigroup raised their target price on Werner Enterprises from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Werner Enterprises has an average rating of “Hold” and an average price target of $41.54.

View Our Latest Report on WERN

Werner Enterprises Stock Performance

NASDAQ WERN opened at $37.82 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The stock’s fifty day moving average is $42.40 and its two-hundred day moving average is $36.57. The firm has a market capitalization of $2.27 billion, a P/E ratio of -49.76, a price-to-earnings-growth ratio of 0.68 and a beta of 1.27. Werner Enterprises has a fifty-two week low of $23.06 and a fifty-two week high of $47.49.

Werner Enterprises (NASDAQ:WERN – Get Free Report) last issued its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. On average, research analysts anticipate that Werner Enterprises will post 1.13 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Monday, July 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. Werner Enterprises’s dividend payout ratio (DPR) is presently -73.68%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Werner Enterprises by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock valued at $914,000 after purchasing an additional 336 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Werner Enterprises by 0.3% in the first 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 in the last quarter. 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 valued at $1,758,000 after acquiring an additional 503 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Werner Enterprises by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock valued at $1,560,000 after acquiring an additional 601 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Werner Enterprises by 21.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock worth $166,000 after purchasing an additional 675 shares during the period. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

About Werner Enterprises

(Get Free Report)

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.

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