TheStreet Downgrades Werner Enterprises, Inc. (WERN) to C+
Werner Enterprises, Inc. (NASDAQ:WERN) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Friday.
Several other analysts also recently weighed in on WERN. Credit Suisse Group AG lifted their target price on shares of Werner Enterprises from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, January 31st. Deutsche Bank AG downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Stifel Nicolaus raised shares of Werner Enterprises from a “sell” rating to a “hold” rating and lifted their target price for the company from $25.00 to $28.00 in a report on Friday, February 10th. Barclays PLC lowered their target price on shares of Werner Enterprises from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, March 27th. Finally, Zacks Investment Research downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.55.
Shares of Werner Enterprises (NASDAQ:WERN) traded up 2.66% on Friday, hitting $27.05. 1,185,616 shares of the company’s stock were exchanged. Werner Enterprises has a 12-month low of $21.35 and a 12-month high of $30.20. The company’s 50-day moving average price is $26.20 and its 200 day moving average price is $26.94. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 26.26 and a beta of 0.69.
Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, April 20th. The transportation company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $501.22 million for the quarter, compared to the consensus estimate of $491.97 million. Werner Enterprises had a net margin of 3.94% and a return on equity of 8.14%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, equities analysts predict that Werner Enterprises will post $1.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th will be paid a $0.07 dividend. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. Werner Enterprises’s dividend payout ratio (DPR) is 22.02%.
In related news, VP H Marty Nordlund sold 28,000 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $27.97, for a total value of $783,160.00. Following the completion of the sale, the vice president now owns 72,028 shares in the company, valued at $2,014,623.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.80% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Keybank National Association OH boosted its stake in shares of Werner Enterprises by 63.0% in the fourth quarter. Keybank National Association OH now owns 55,613 shares of the transportation company’s stock valued at $1,499,000 after buying an additional 21,500 shares during the period. Precocity Capital LP acquired a new position in shares of Werner Enterprises during the fourth quarter worth about $12,128,000. Dimensional Fund Advisors LP boosted its position in shares of Werner Enterprises by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,913,887 shares of the transportation company’s stock worth $132,431,000 after buying an additional 81,966 shares during the last quarter. State Street Corp boosted its position in shares of Werner Enterprises by 6.3% in the fourth quarter. State Street Corp now owns 1,680,065 shares of the transportation company’s stock worth $45,276,000 after buying an additional 98,881 shares during the last quarter. Finally, Elgethun Capital Management acquired a new position in shares of Werner Enterprises during the fourth quarter worth about $315,000. Hedge funds and other institutional investors own 63.79% of the company’s stock.
Werner Enterprises Company Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
Receive News & Ratings for Werner Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.