Werner Enterprises (NASDAQ:WERN) Downgraded to “Sell” at StockNews.com

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

Several other equities analysts also recently commented on the company. Stephens lowered their price objective on Werner Enterprises from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday. Susquehanna cut their price objective on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Bank of America lowered their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Evercore ISI dropped their price objective on shares of Werner Enterprises from $39.00 to $35.00 and set an “in-line” rating for the company in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Werner Enterprises presently has a consensus rating of “Hold” and a consensus price target of $40.83.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock traded down $0.41 on Tuesday, hitting $36.53. 1,285,662 shares of the company’s stock were exchanged, compared to its average volume of 641,274. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27. The company has a 50-day simple moving average of $37.37 and a 200-day simple moving average of $39.05. The stock has a market capitalization of $2.32 billion, a PE ratio of 27.89, a PEG ratio of 1.70 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.85 and a current ratio of 1.90.

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

Institutional Investors Weigh In On Werner Enterprises

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

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.