Werner Enterprises Inc. (WERN) Downgraded by Zacks Investment Research to Sell
According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
Several other equities analysts have also commented on WERN. Royal Bank Of Canada reduced their price target on Werner Enterprises from $32.00 to $28.00 and set an outperform rating on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. lowered Werner Enterprises from an overweight rating to a neutral rating and cut their target price for the company from $30.00 to $23.00 in a research report on Tuesday, June 21st. Bank of America Corp. lowered Werner Enterprises from a neutral rating to an underperform rating in a research report on Tuesday, June 21st. Deutsche Bank AG lowered Werner Enterprises from a buy rating to a hold rating and cut their target price for the company from $29.00 to $22.00 in a research report on Tuesday, June 21st. Finally, Cowen and Company cut their target price on Werner Enterprises from $28.00 to $23.00 and set a market perform rating on the stock in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $27.06.
Shares of Werner Enterprises (NASDAQ:WERN) traded down 0.5036% during trading on Thursday, hitting $23.7299. 375,005 shares of the stock were exchanged. The stock has a market cap of $1.71 billion, a PE ratio of 16.0229 and a beta of 0.81. Werner Enterprises has a one year low of $20.91 and a one year high of $28.80. The stock’s 50 day moving average price is $23.43 and its 200 day moving average price is $24.49.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.50 million. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. During the same period in the previous year, the company posted $0.44 EPS. Equities research analysts predict that Werner Enterprises will post $1.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be issued a $0.06 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. Werner Enterprises’s dividend payout ratio (DPR) is 16.22%.
Hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Werner Enterprises by 1.8% in the first quarter. State Street Corp now owns 1,627,683 shares of the company’s stock valued at $44,204,000 after buying an additional 29,248 shares during the period. BlackRock Inc. raised its stake in shares of Werner Enterprises by 10.4% in the first quarter. BlackRock Inc. now owns 17,520 shares of the company’s stock valued at $476,000 after buying an additional 1,652 shares during the period. M&T Bank Corp purchased a new stake in shares of Werner Enterprises during the first quarter valued at $200,000. AXA raised its stake in shares of Werner Enterprises by 222.9% in the first quarter. AXA now owns 61,030 shares of the company’s stock valued at $1,658,000 after buying an additional 42,130 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Werner Enterprises by 20.5% in the second quarter. Nationwide Fund Advisors now owns 523,823 shares of the company’s stock valued at $12,032,000 after buying an additional 88,981 shares in the last quarter. Institutional investors and hedge funds own 64.80% 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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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