Werner Enterprises (NASDAQ:WERN) Raised to "Strong Sell" at Baird R W

Werner Enterprises (NASDAQ:WERN - Get Free Report) was upgraded by stock analysts at Baird R W to a "strong sell" rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Evercore ISI lowered shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and dropped their price objective for the stock from $27.00 to $21.00 in a research note on Wednesday, April 30th. Bank of America lifted their target price on Werner Enterprises from $26.00 to $27.00 and gave the company an "underperform" rating in a research note on Friday, June 13th. Susquehanna upped their price objective on shares of Werner Enterprises from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Finally, Barclays dropped their price target on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.27.

Werner Enterprises Price Performance

NASDAQ WERN traded down $0.09 during mid-day trading on Tuesday, hitting $29.16. The stock had a trading volume of 207,400 shares, compared to its average volume of 792,510. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $27.08 and a 200 day simple moving average of $30.94. Werner Enterprises has a 52-week low of $23.02 and a 52-week high of $42.48. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 100.53, a P/E/G ratio of 1.33 and a beta of 1.07.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). The business had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. Equities analysts forecast that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Large investors have recently added to or reduced their stakes in the company. Keybank National Association OH boosted its stake in shares of Werner Enterprises by 1.5% in the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company's stock valued at $726,000 after purchasing an additional 305 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Werner Enterprises by 1.8% in the 1st quarter. SummerHaven Investment Management LLC now owns 22,516 shares of the transportation company's stock valued at $660,000 after purchasing an additional 398 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Werner Enterprises by 0.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company's stock valued at $3,717,000 after purchasing an additional 401 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Werner Enterprises by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,937 shares of the transportation company's stock worth $86,000 after buying an additional 402 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its holdings in shares of Werner Enterprises by 3.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,528 shares of the transportation company's stock valued at $426,000 after buying an additional 421 shares during the period. Institutional investors and hedge funds own 89.32% of the company's stock.

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.