Werner Enterprises (NASDAQ:WERN) Downgraded to Sell Rating by StockNews.com

Werner Enterprises (NASDAQ:WERN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Thursday.

Other equities analysts have also recently issued reports about the stock. 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. Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group lowered their price objective on Werner Enterprises from $28.00 to $25.00 and set a "sell" rating for the company in a research note on Wednesday, April 30th. Barclays decreased their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, UBS Group decreased their target price on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $29.69.

Werner Enterprises Trading Up 0.1%

WERN stock traded up $0.03 during mid-day trading on Thursday, reaching $28.21. 148,193 shares of the stock traded hands, compared to its average volume of 898,417. Werner Enterprises has a one year low of $23.02 and a one year high of $42.48. The business has a 50-day moving average price of $28.48 and a two-hundred day moving average price of $34.01. The stock has a market capitalization of $1.75 billion, a PE ratio of 51.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business had revenue of $712.11 million during the quarter, compared to analysts' expectations of $738.41 million. During the same quarter last year, the business posted $0.14 earnings per share. The company's quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that Werner Enterprises will post 1.27 EPS for the current year.

Hedge Funds Weigh In On Werner Enterprises

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock worth $59,010,000 after buying an additional 143,953 shares during the last quarter. Vanguard Group Inc. increased its stake in Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock worth $241,758,000 after buying an additional 32,228 shares in the last quarter. Barclays PLC raised its stake in shares of Werner Enterprises by 12.8% in the third quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock valued at $16,804,000 after acquiring an additional 49,568 shares during the period. Atria Investments Inc increased its stake in Werner Enterprises by 16.3% in the 4th quarter. Atria Investments Inc now owns 9,479 shares of the transportation company's stock worth $340,000 after buying an additional 1,329 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of Werner Enterprises during the 4th quarter worth $207,000. 89.32% of the stock is currently 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.