Werner Enterprises (NASDAQ:WERN) Cut to Equal Weight at Barclays

Werner Enterprises (NASDAQ:WERN - Get Free Report) was downgraded by equities researchers at Barclays from an "overweight" rating to an "equal weight" rating in a note issued to investors on Monday, MarketBeat.com reports. They currently have a $40.00 price target on the transportation company's stock, down from their previous price target of $45.00. Barclays's price objective indicates a potential upside of 3.73% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. TD Cowen increased their price target on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Stifel Nicolaus downgraded shares of Werner Enterprises from a "buy" rating to a "hold" rating and cut their target price for the company from $45.00 to $42.00 in a research note on Thursday, February 8th. Susquehanna cut their target price on shares of Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, March 25th. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Tuesday, February 27th. Finally, Stephens reissued an "overweight" rating and issued a $49.00 target price on shares of Werner Enterprises in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.50.

Werner Enterprises Trading Down 1.4 %

NASDAQ:WERN traded down $0.56 during trading hours on Monday, reaching $38.56. 532,081 shares of the company were exchanged, compared to its average volume of 625,009. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.10 and a beta of 0.78. Werner Enterprises has a 52-week low of $35.02 and a 52-week high of $47.27. The stock has a 50 day simple moving average of $39.61 and a 200 day simple moving average of $39.55.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.05). The company had revenue of $821.90 million for the quarter, compared to analysts' expectations of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The business's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. As a group, analysts predict that Werner Enterprises will post 2.09 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WERN. Franklin Resources Inc. boosted its holdings in shares of Werner Enterprises by 1.3% in the 2nd quarter. Franklin Resources Inc. now owns 19,118 shares of the transportation company's stock valued at $845,000 after buying an additional 253 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Werner Enterprises by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company's stock valued at $702,000 after buying an additional 259 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Werner Enterprises by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,586 shares of the transportation company's stock valued at $295,000 after buying an additional 280 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Werner Enterprises by 4.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,556 shares of the transportation company's stock valued at $284,000 after buying an additional 296 shares during the period. Finally, WealthPlan Investment Management LLC boosted its holdings in shares of Werner Enterprises by 2.2% in the 4th quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company's stock valued at $606,000 after buying an additional 301 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

About Werner Enterprises

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.