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 research note published on Tuesday morning.

Several other equities analysts have also commented on the stock. Bank of America dropped their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a research report on Monday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Werner Enterprises from $37.00 to $36.00 and set a neutral rating for the company in a research report on Wednesday, May 1st. Morgan Stanley dropped their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an overweight rating for the company in a research report on Wednesday, February 7th. TD Cowen dropped their price objective on shares of Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Finally, Robert W. Baird dropped their price objective on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $40.08.

Werner Enterprises Stock Performance

NASDAQ:WERN opened at $36.55 on Tuesday. The firm has a 50 day simple moving average of $36.78 and a 200-day simple moving average of $39.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. The firm has a market cap of $2.32 billion, a PE ratio of 27.90, a P/E/G ratio of 3.06 and a beta of 0.83. Werner Enterprises has a 1-year low of $33.12 and a 1-year high of $47.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data 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 firm had revenue of $769.08 million during the quarter, compared to analyst estimates of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts expect that Werner Enterprises will post 1.35 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. Shareholders of record on Monday, July 1st will be paid 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 1.53%. Werner Enterprises’s dividend payout ratio (DPR) is 42.75%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WERN. Vanguard Group Inc. grew its position in shares of Werner Enterprises by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after buying an additional 565,193 shares during the last quarter. Victory Capital Management Inc. grew its position in Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock worth $168,369,000 after purchasing an additional 282,210 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Werner Enterprises by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock worth $161,484,000 after purchasing an additional 33,906 shares during the last quarter. Nuance Investments LLC grew its position in Werner Enterprises by 30.0% in the 1st quarter. Nuance Investments LLC now owns 2,948,542 shares of the transportation company’s stock worth $115,347,000 after purchasing an additional 680,194 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Werner Enterprises by 3.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock worth $55,621,000 after purchasing an additional 48,340 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

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.