Werner Enterprises (NASDAQ:WERN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Werner Enterprises (NASDAQ:WERNFree Report) from a sell rating to a hold rating in a report published on Thursday.

Several other equities research analysts also recently commented on the stock. Stephens reaffirmed an equal weight rating and issued a $40.00 target price on shares of Werner Enterprises in a research note on Thursday, May 16th. Barclays lowered their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Bank of America lowered their target price 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. Robert W. Baird lowered their price objective on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a research report on Wednesday, May 1st. Finally, TD Cowen lowered their price objective on shares of Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $40.08.

Get Our Latest Analysis on Werner Enterprises

Werner Enterprises Trading Up 0.9 %

WERN opened at $35.77 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.83. The firm has a 50 day simple moving average of $36.39 and a 200 day simple moving average of $38.74. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $47.27.

Werner Enterprises (NASDAQ:WERNGet Free Report) last posted 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 the consensus estimate of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. On average, sell-side analysts anticipate that Werner Enterprises will post 1.35 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Monday, July 1st. Werner Enterprises’s payout ratio is 42.75%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after buying an additional 410 shares during the period. EntryPoint Capital LLC bought a new position in Werner Enterprises in the 1st quarter valued at about $43,000. Planned Solutions Inc. bought a new position in Werner Enterprises in the 4th quarter valued at about $57,000. Headlands Technologies LLC bought a new position in Werner Enterprises in the 1st quarter valued at about $84,000. Finally, Covestor Ltd boosted its stake in shares of Werner Enterprises by 46.5% in the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 762 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Werner Enterprises

(Get Free Report)

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.

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