Werner Enterprises (WERN) Stock Rating Lowered by Wolfe Research

Wolfe Research downgraded shares of Werner Enterprises (NASDAQ:WERN) from a market perform rating to a sell rating in a research note published on Friday, The Fly reports.

WERN has been the topic of several other reports. Buckingham Research decreased their price target on shares of Werner Enterprises from $53.00 to $50.00 and set a buy rating on the stock in a research note on Tuesday, July 24th. ValuEngine raised shares of Werner Enterprises from a hold rating to a buy rating in a research note on Monday, July 2nd. JPMorgan Chase & Co. cut shares of Werner Enterprises from a neutral rating to an underweight rating and set a $35.00 price target on the stock. in a research note on Wednesday, July 11th. Loop Capital initiated coverage on shares of Werner Enterprises in a research note on Monday, October 1st. They set a buy rating and a $42.00 price target on the stock. Finally, Robert W. Baird raised their price target on shares of Werner Enterprises from $41.00 to $43.00 and gave the stock a neutral rating in a research note on Tuesday, July 24th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $43.60.

Shares of NASDAQ WERN opened at $34.23 on Friday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. Werner Enterprises has a 52 week low of $33.20 and a 52 week high of $43.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.81.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, July 23rd. The transportation company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.11. The firm had revenue of $619.13 million for the quarter, compared to analysts’ expectations of $599.20 million. Werner Enterprises had a net margin of 10.09% and a return on equity of 10.71%. The firm’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. As a group, equities research analysts expect that Werner Enterprises will post 2.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Monday, October 1st will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, September 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.05%. Werner Enterprises’s dividend payout ratio is currently 28.35%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in shares of Werner Enterprises by 139.9% in the second quarter. First Trust Advisors LP now owns 110,445 shares of the transportation company’s stock worth $4,147,000 after acquiring an additional 64,409 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Werner Enterprises by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 433,711 shares of the transportation company’s stock worth $16,286,000 after acquiring an additional 18,098 shares during the last quarter. Intrinsic Edge Capital Management LLC boosted its position in shares of Werner Enterprises by 165.0% in the second quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock worth $17,387,000 after acquiring an additional 288,314 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Werner Enterprises by 4.8% in the second quarter. American Century Companies Inc. now owns 327,643 shares of the transportation company’s stock worth $12,303,000 after acquiring an additional 15,095 shares during the last quarter. Finally, Green Square Capital LLC acquired a new stake in shares of Werner Enterprises in the second quarter worth approximately $304,000. 68.40% of the stock is currently owned by institutional investors and hedge funds.

About Werner Enterprises

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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