Werner Enterprises (NASDAQ:WERN) Downgraded by UBS Group

UBS Group lowered shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have $39.00 target price on the transportation company’s stock.

WERN has been the topic of several other research reports. StockNews.com raised shares of Werner Enterprises from a sell rating to a hold rating in a research note on Thursday, June 20th. Robert W. Baird dropped their price objective on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a research note on Wednesday, May 1st. TD Cowen dropped their price objective on shares of Werner Enterprises from $42.00 to $38.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley dropped their price objective on shares of Werner Enterprises from $57.00 to $56.00 and set an overweight rating on the stock in a research note on Monday. Finally, Stephens reaffirmed an equal weight rating and issued a $40.00 target price on shares of Werner Enterprises in a report on Thursday, May 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $38.69.

Werner Enterprises Trading Up 3.4 %

Shares of WERN opened at $35.84 on Tuesday. The firm’s 50-day moving average price is $36.41 and its 200-day moving average price is $38.19. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.92 and a beta of 0.80. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. Werner Enterprises has a 1-year low of $33.12 and a 1-year high of $47.27.

Werner Enterprises (NASDAQ:WERN) last announced its 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 company had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Sell-side analysts anticipate that Werner Enterprises will post 1.32 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.56%. 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 added to or reduced their stakes in the stock. SummerHaven Investment Management LLC lifted its position in Werner Enterprises by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock valued at $702,000 after purchasing an additional 259 shares during the period. WealthPlan Investment Management LLC raised its position in Werner Enterprises by 2.2% in the fourth quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock worth $606,000 after acquiring an additional 301 shares during the period. Alliance Wealth Advisors LLC UT raised its position in Werner Enterprises by 3.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock worth $421,000 after acquiring an additional 308 shares during the period. QRG Capital Management Inc. raised its position in Werner Enterprises by 5.2% in the fourth quarter. QRG Capital Management Inc. now owns 6,576 shares of the transportation company’s stock worth $279,000 after acquiring an additional 328 shares during the period. Finally, Blue Trust Inc. raised its position in Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after acquiring an additional 410 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.