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 report published on Thursday.

Several other research firms have also weighed in on WERN. JPMorgan Chase & Co. dropped their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. TD Cowen upped their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI dropped their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Finally, Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective on the stock in a research note on Friday, January 3rd. Five 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.com, Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $37.29.

Werner Enterprises Stock Down 0.3 %

WERN stock opened at $34.07 on Thursday. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $42.48. The company’s 50 day simple moving average is $36.02 and its 200-day simple moving average is $37.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market capitalization of $2.11 billion, a P/E ratio of 61.95 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, equities research analysts anticipate that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Institutional Trading of Werner Enterprises

Large investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Werner Enterprises during the 4th quarter worth $39,000. Blue Trust Inc. raised its stake in Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares during the last quarter. International Assets Investment Management LLC raised its stake in Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,482 shares during the last quarter. Sterling Capital Management LLC raised its stake in Werner Enterprises by 796.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 1,513 shares during the last quarter. Finally, KBC Group NV raised its stake in Werner Enterprises by 43.1% during the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock valued at $80,000 after purchasing an additional 624 shares during the last quarter. 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.