Werner Enterprises (NASDAQ:WERN) Rating Increased to Hold at StockNews.com

Werner Enterprises (NASDAQ:WERN) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other equities analysts have also weighed in on WERN. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a research report on Friday, January 3rd. Barclays reduced their price objective on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Werner Enterprises currently has a consensus rating of “Hold” and an average price target of $37.00.

Werner Enterprises Stock Down 0.3 %

WERN stock opened at $29.25 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. Werner Enterprises has a fifty-two week low of $29.02 and a fifty-two week high of $42.48. The firm’s 50-day simple moving average is $33.98 and its 200 day simple moving average is $36.50. The stock has a market cap of $1.81 billion, a PE ratio of 53.18 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, sell-side analysts predict that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Trading of Werner Enterprises

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of Werner Enterprises in the fourth quarter worth approximately $39,000. Blue Trust Inc. lifted its position in shares of Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Werner Enterprises by 796.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after purchasing an additional 1,513 shares in the last quarter. KBC Group NV lifted its position in shares of Werner Enterprises by 43.1% in the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after purchasing an additional 624 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 639 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.