Werner Enterprises (NASDAQ:WERN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Werner Enterprises, Inc. is a premier transportation and logistics company. The company is engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; temperature-controlled. Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. “
Other research analysts also recently issued reports about the stock. Morgan Stanley set a $48.00 price target on shares of Werner Enterprises and gave the stock a “buy” rating in a report on Monday, October 22nd. Stephens set a $40.00 price objective on shares of Werner Enterprises and gave the stock a “buy” rating in a research note on Friday, October 19th. BidaskClub raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Loop Capital assumed coverage on shares of Werner Enterprises in a research note on Monday, October 1st. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, ValuEngine raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $41.40.
Shares of NASDAQ:WERN traded down $0.80 during trading on Friday, hitting $31.62. 28,021 shares of the company were exchanged, compared to its average volume of 560,779. The company has a market capitalization of $2.27 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.41. Werner Enterprises has a 1-year low of $31.08 and a 1-year high of $43.95.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The company had revenue of $629.70 million during the quarter, compared to the consensus estimate of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities analysts forecast that Werner Enterprises will post 2.32 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in Werner Enterprises by 62.6% during the third quarter. Bank of New York Mellon Corp now owns 4,852,515 shares of the transportation company’s stock valued at $171,537,000 after acquiring an additional 1,868,490 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in Werner Enterprises during the third quarter valued at $23,053,000. Pinnacle Associates Ltd. bought a new stake in Werner Enterprises during the second quarter valued at $21,903,000. Allianz Asset Management GmbH boosted its position in Werner Enterprises by 819.8% during the third quarter. Allianz Asset Management GmbH now owns 554,694 shares of the transportation company’s stock valued at $19,609,000 after acquiring an additional 494,387 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in Werner Enterprises by 2,183.1% during the second quarter. Voya Investment Management LLC now owns 455,850 shares of the transportation company’s stock valued at $17,117,000 after acquiring an additional 435,884 shares during the last quarter. 72.93% of the stock is currently owned by institutional investors.
Werner Enterprises Company Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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