Werner Enterprises (NASDAQ:WERN) Rating Increased to Strong Sell at Baird R W

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

WERN has been the topic of a number of other reports. Wells Fargo & Company dropped their target price on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Bank of America upped their target price on shares of Werner Enterprises from $26.00 to $27.00 and gave the company an "underperform" rating in a report on Friday, June 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a "hold" rating and a $33.00 target price on the stock. Citigroup raised shares of Werner Enterprises from a "sell" rating to a "neutral" rating and dropped their target price for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Finally, UBS Group dropped their target price on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $30.27.

Werner Enterprises Stock Down 0.6%

WERN traded down $0.18 during trading on Tuesday, hitting $29.08. The company had a trading volume of 439,505 shares, compared to its average volume of 796,440. The company has a market capitalization of $1.80 billion, a PE ratio of 100.26, a PEG ratio of 1.35 and a beta of 1.07. Werner Enterprises has a one year low of $23.02 and a one year high of $42.48. The firm's 50-day moving average price is $27.11 and its 200 day moving average price is $30.77. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly 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). Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. The business had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same period last year, the firm earned $0.14 earnings per share. The company's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts expect that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Werner Enterprises by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 704,171 shares of the transportation company's stock worth $25,294,000 after purchasing an additional 23,498 shares in the last quarter. Keybank National Association OH grew its position in shares of Werner Enterprises by 1.5% during the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company's stock worth $726,000 after purchasing an additional 305 shares in the last quarter. Atria Investments Inc grew its position in shares of Werner Enterprises by 16.3% during the 4th quarter. Atria Investments Inc now owns 9,479 shares of the transportation company's stock worth $340,000 after purchasing an additional 1,329 shares in the last quarter. Arizona State Retirement System grew its position in shares of Werner Enterprises by 3.4% during the 4th quarter. Arizona State Retirement System now owns 17,937 shares of the transportation company's stock worth $644,000 after purchasing an additional 590 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Werner Enterprises during the 4th quarter worth approximately $2,791,000. 89.32% of the stock is owned by 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.