StockNews.com Downgrades Werner Enterprises (NASDAQ:WERN) to Sell

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

Other equities analysts also recently issued reports about the company. Wells Fargo & Company decreased their price target on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Susquehanna lowered their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus upped their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Barclays decreased their price objective on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 target price on the stock. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.73.

Werner Enterprises Stock Down 9.1 %

Shares of WERN traded down $2.74 during trading on Thursday, reaching $27.34. The company’s stock had a trading volume of 1,106,847 shares, compared to its average volume of 769,352. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 49.71 and a beta of 0.85. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $32.58 and a two-hundred day moving average of $36.01. Werner Enterprises has a twelve month low of $27.10 and a twelve month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. On average, sell-side analysts predict that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

Hedge funds have recently added to or reduced their stakes in the business. Verition Fund Management LLC acquired a new position in shares of Werner Enterprises during the third quarter valued at $485,000. Holocene Advisors LP grew its position in Werner Enterprises by 19.8% in the 3rd quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock valued at $3,803,000 after buying an additional 16,280 shares in the last quarter. Weiss Asset Management LP acquired a new position in Werner Enterprises during the 3rd quarter valued at about $1,408,000. Allspring Global Investments Holdings LLC raised its position in shares of Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after buying an additional 143,953 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Werner Enterprises by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company’s stock worth $26,267,000 after acquiring an additional 43,074 shares during the period. Institutional investors own 89.32% of the company’s stock.

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.