Werner Enterprises, Inc. (NASDAQ:WERN) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have earned a consensus rating of “Hold” from the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.85.

Several research analysts have commented on the stock. Susquehanna upgraded shares of Werner Enterprises from a “neutral” rating to a “positive” rating and lowered their price target for the stock from $48.00 to $44.00 in a report on Thursday, July 30th. Evercore upgraded shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Werner Enterprises in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Werner Enterprises from $39.00 to $33.00 and set an “underweight” rating for the company in a research note on Monday, October 5th. Finally, TD Cowen dropped their target price on Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth about $38,000. Global Retirement Partners LLC acquired a new position in Werner Enterprises in the second quarter valued at approximately $45,000. Farther Finance Advisors LLC boosted its holdings in Werner Enterprises by 185.4% in the third quarter. Farther Finance Advisors LLC now owns 1,216 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 790 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Werner Enterprises in the second quarter valued at approximately $65,000. Finally, Bayforest Capital Ltd purchased a new position in Werner Enterprises in the second quarter valued at approximately $128,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN opened at $28.79 on Wednesday. The stock has a 50-day simple moving average of $35.45 and a 200-day simple moving average of $37.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The stock has a market capitalization of $1.73 billion, a PE ratio of -37.88 and a beta of 1.29. Werner Enterprises has a 1 year low of $23.06 and a 1 year high of $47.49.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $813.36 million for the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts predict that Werner Enterprises will post 0.78 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Monday, October 5th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, October 5th. Werner Enterprises’s dividend payout ratio is currently -73.68%.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and regional truckload services. Werner also provides logistics services, including freight brokerage, intermodal transportation, cross-border transportation, and supply chain management solutions.