Werner Enterprises (NASDAQ:WERN) Rating Lowered to Sell at StockNews.com

Werner Enterprises (NASDAQ:WERN) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

WERN has been the subject of several other reports. Bank of America lowered their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Monday, April 15th. Susquehanna decreased their target price on Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, March 25th. TD Cowen cut their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Morgan Stanley decreased their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Finally, Robert W. Baird dropped their price objective on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.83.

Werner Enterprises Stock Performance

Shares of WERN opened at $36.86 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.34 billion, a PE ratio of 28.14, a P/E/G ratio of 1.70 and a beta of 0.82. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $47.27. The stock has a fifty day moving average price of $37.32 and a 200-day moving average price of $39.04.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $769.08 million for the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. Werner Enterprises’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Equities research analysts predict that Werner Enterprises will post 1.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares during the period. Headlands Technologies LLC acquired a new stake in Werner Enterprises during the 3rd quarter worth approximately $36,000. Planned Solutions Inc. purchased a new position in Werner Enterprises in the 4th quarter valued at approximately $57,000. Strs Ohio raised its stake in shares of Werner Enterprises by 35.3% in the third quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock valued at $89,000 after acquiring an additional 600 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Werner Enterprises by 46.5% in the third quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 762 shares during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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.