Werner Enterprises (WERN) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a hold rating in a report released on Saturday morning.

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. “

Several other research firms also recently commented on WERN. BidaskClub upgraded shares of Werner Enterprises from a hold rating to a buy rating in a report on Tuesday, September 11th. ValuEngine upgraded shares of Werner Enterprises from a hold rating to a buy rating in a report on Tuesday, September 11th. Loop Capital assumed coverage on shares of Werner Enterprises in a report on Monday, October 1st. They issued a buy rating and a $42.00 price objective on the stock. Wolfe Research downgraded shares of Werner Enterprises from a market perform rating to a sell rating in a report on Friday, October 5th. Finally, Morgan Stanley set a $48.00 price objective on shares of Werner Enterprises and gave the company a buy rating in a report on Monday, October 22nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Werner Enterprises presently has an average rating of Hold and a consensus price target of $41.33.

NASDAQ:WERN opened at $30.04 on Friday. Werner Enterprises has a one year low of $29.89 and a one year high of $43.95. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.89 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 (NASDAQ:WERN) last released its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The firm had revenue of $629.70 million for the quarter, compared to the consensus estimate of $628.71 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post 2.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a $0.09 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 1.20%. Werner Enterprises’s dividend payout ratio (DPR) is presently 28.35%.

Hedge funds have recently added to or reduced their stakes in the stock. Green Square Capital LLC acquired a new position in shares of Werner Enterprises in the second quarter valued at about $304,000. First Trust Advisors LP grew its stake in shares of Werner Enterprises by 139.9% in the second quarter. First Trust Advisors LP now owns 110,445 shares of the transportation company’s stock valued at $4,147,000 after acquiring an additional 64,409 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Werner Enterprises by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 433,711 shares of the transportation company’s stock valued at $16,286,000 after acquiring an additional 18,098 shares in the last quarter. Intrinsic Edge Capital Management LLC grew its stake in shares of Werner Enterprises by 165.0% in the second quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock valued at $17,387,000 after acquiring an additional 288,314 shares in the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in shares of Werner Enterprises in the third quarter valued at about $23,053,000. Institutional investors and hedge funds own 72.93% of the company’s stock.

About Werner Enterprises

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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