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

StockNews.com upgraded shares of Werner Enterprises (NASDAQ:WERN) from a sell rating to a hold rating in a research note published on Thursday morning.

Other equities research analysts have also issued reports about the stock. Barclays dropped their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an equal weight rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company assumed coverage on Werner Enterprises in a research note on Friday, June 7th. They issued an underweight rating and a $38.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Werner Enterprises from $37.00 to $36.00 and set a neutral rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird reduced their price target 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, Evercore ISI dropped their price objective on shares of Werner Enterprises from $39.00 to $35.00 and set an in-line rating on the stock in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $40.08.

Werner Enterprises Trading Down 0.0 %

Shares of NASDAQ:WERN opened at $35.46 on Thursday. The business’s 50-day moving average is $36.44 and its 200 day moving average is $38.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27. The firm has a market capitalization of $2.25 billion, a P/E ratio of 27.07, a P/E/G ratio of 2.92 and a beta of 0.83.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data 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). The company had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. On average, research analysts predict that Werner Enterprises will post 1.35 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Monday, July 1st will be given a $0.14 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.58%. Werner Enterprises’s dividend payout ratio (DPR) is 42.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WERN. Vanguard Group Inc. raised its holdings in shares of Werner Enterprises by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after acquiring an additional 565,193 shares during the last quarter. Victory Capital Management Inc. raised its stake in Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock valued at $168,369,000 after purchasing an additional 282,210 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Werner Enterprises by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock valued at $161,484,000 after purchasing an additional 33,906 shares in the last quarter. Nuance Investments LLC boosted its stake in Werner Enterprises by 30.0% during the 1st quarter. Nuance Investments LLC now owns 2,948,542 shares of the transportation company’s stock worth $115,347,000 after purchasing an additional 680,194 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Werner Enterprises by 3.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock worth $55,621,000 after buying an additional 48,340 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

About Werner Enterprises

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.