Werner Enterprises (WERN) Downgraded by BidaskClub

BidaskClub downgraded shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a hold rating in a report released on Tuesday.

Several other research firms have also recently issued reports on WERN. Credit Suisse Group increased their price objective on Werner Enterprises from $40.00 to $42.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Zacks Investment Research reiterated a hold rating and issued a $44.00 price objective on shares of Werner Enterprises in a research report on Saturday, January 13th. Morgan Stanley increased their price objective on Werner Enterprises from $32.00 to $35.00 and gave the stock an overweight rating in a research report on Friday, October 20th. Cowen cut Werner Enterprises from a market perform rating to an underperform rating in a research report on Monday, October 16th. Finally, Wells Fargo & Co increased their price objective on Werner Enterprises from $35.00 to $43.00 and gave the stock a market perform rating in a research report on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $39.13.

Werner Enterprises (NASDAQ:WERN) opened at $38.40 on Tuesday. The stock has a market capitalization of $2,809.48, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.72 and a quick ratio of 1.67. Werner Enterprises has a 52-week low of $24.20 and a 52-week high of $43.95.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The firm had revenue of $567.37 million during the quarter, compared to analysts’ expectations of $554.58 million. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. Werner Enterprises’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. equities analysts expect that Werner Enterprises will post 1.97 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in WERN. BlackRock Inc. increased its position in shares of Werner Enterprises by 8.5% in the fourth quarter. BlackRock Inc. now owns 5,222,363 shares of the transportation company’s stock valued at $201,843,000 after buying an additional 408,612 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Werner Enterprises in the third quarter valued at $13,171,000. UBS Asset Management Americas Inc. increased its position in shares of Werner Enterprises by 1,266.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 386,990 shares of the transportation company’s stock valued at $14,957,000 after buying an additional 358,671 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Werner Enterprises by 19.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,178,748 shares of the transportation company’s stock valued at $84,209,000 after buying an additional 351,852 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Werner Enterprises by 13.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,061,228 shares of the transportation company’s stock valued at $79,666,000 after buying an additional 247,353 shares in the last quarter. Institutional investors and hedge funds own 65.55% of the company’s stock.

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About Werner Enterprises

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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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