Werner Enterprises (WERN) Downgraded by Zacks Investment Research to Hold

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Zacks Investment Research cut shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a hold rating in a research note released on Friday.

According to Zacks, “Werner Enterprises, Inc. is a premier transportation and logistics company. The company is 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. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; temperature-controlled. Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. “

Other equities analysts have also recently issued research reports about the company. Morgan Stanley set a $48.00 price target on Werner Enterprises and gave the company a buy rating in a report on Monday, October 22nd. Stephens set a $40.00 price target on Werner Enterprises and gave the company a buy rating in a report on Friday, October 19th. BidaskClub upgraded Werner Enterprises from a hold rating to a buy rating in a report on Wednesday, August 15th. Loop Capital assumed coverage on Werner Enterprises in a report on Monday, October 1st. They issued a buy rating and a $42.00 price target on the stock. Finally, ValuEngine upgraded Werner Enterprises from a hold rating to a buy rating in a report on Tuesday, September 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $41.40.

Werner Enterprises stock traded down $1.37 during mid-day trading on Friday, hitting $31.05. The stock had a trading volume of 653,525 shares, compared to its average volume of 589,909. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 0.97 and a beta of 1.08. Werner Enterprises has a 12 month low of $30.91 and a 12 month high of $43.95. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 0.04.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The business had revenue of $629.70 million for the quarter, compared to analysts’ expectations of $628.71 million. Werner Enterprises had a return on equity of 12.34% and a net margin of 10.71%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. As a group, sell-side analysts expect that Werner Enterprises will post 2.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, December 31st. Werner Enterprises’s dividend payout ratio (DPR) is currently 28.35%.

Institutional investors and hedge funds have recently modified their holdings of the business. Honkamp Krueger Financial Services Inc. bought a new position in Werner Enterprises during the third quarter worth about $106,000. Tower Research Capital LLC TRC raised its position in shares of Werner Enterprises by 1,116.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the transportation company’s stock worth $140,000 after purchasing an additional 3,616 shares during the period. Commonwealth Bank of Australia acquired a new stake in shares of Werner Enterprises during the third quarter worth about $162,000. Atria Investments LLC acquired a new stake in shares of Werner Enterprises during the third quarter worth about $224,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Werner Enterprises during the third quarter worth about $249,000. Hedge funds and other institutional investors own 72.93% of the company’s stock.

Werner Enterprises Company Profile

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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