Werner Enterprises (WERN) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Werner Enterprises (NASDAQ:WERN) from a sell rating to a hold rating in a research report report published on Wednesday, March 27th, ValuEngine reports.

WERN has been the topic of a number of other reports. Zacks Investment Research raised Werner Enterprises from a hold rating to a buy rating and set a $37.00 target price on the stock in a research report on Wednesday, March 27th. Seaport Global Securities reaffirmed a neutral rating on shares of Werner Enterprises in a research report on Thursday, February 7th. Finally, BidaskClub downgraded Werner Enterprises from a hold rating to a sell rating in a research note on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $40.54.

Shares of WERN traded up $0.54 during trading hours on Wednesday, hitting $35.33. The stock had a trading volume of 556,140 shares, compared to its average volume of 497,368. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.47 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.26. Werner Enterprises has a 12-month low of $28.67 and a 12-month high of $42.80.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Wednesday, February 6th. The transportation company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $646.40 million for the quarter, compared to analyst estimates of $649.70 million. Werner Enterprises had a return on equity of 14.00% and a net margin of 6.84%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Sell-side analysts predict that Werner Enterprises will post 2.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. Werner Enterprises’s dividend payout ratio (DPR) is presently 15.13%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL raised its holdings in shares of Werner Enterprises by 1.3% during the fourth quarter. Virginia Retirement Systems ET AL now owns 23,900 shares of the transportation company’s stock valued at $706,000 after buying an additional 300 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Werner Enterprises by 4.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,280 shares of the transportation company’s stock worth $333,000 after purchasing an additional 470 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Werner Enterprises by 81.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,262 shares of the transportation company’s stock worth $37,000 after purchasing an additional 567 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in Werner Enterprises by 150.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the transportation company’s stock worth $30,000 after purchasing an additional 600 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in Werner Enterprises by 12.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 8,230 shares of the transportation company’s stock worth $243,000 after purchasing an additional 900 shares in the last quarter. 69.11% 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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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