Werner Enterprises (WERN) Lowered to “Sell” at Wolfe Research

Wolfe Research downgraded shares of Werner Enterprises (NASDAQ:WERN) from a market perform rating to a sell rating in a report released on Friday, The Fly reports.

Several other research firms have also commented on WERN. ValuEngine upgraded Werner Enterprises from a hold rating to a buy rating in a research note on Tuesday, September 11th. BidaskClub upgraded Werner Enterprises from a hold rating to a buy rating in a research note on Tuesday, September 11th. Robert W. Baird increased their price target on Werner Enterprises from $41.00 to $43.00 and gave the stock a neutral rating in a research note on Tuesday, July 24th. Citigroup increased their price target on Werner Enterprises from $39.00 to $42.00 and gave the stock a neutral rating in a research note on Tuesday, July 24th. Finally, Bank of America upgraded Werner Enterprises from an underperform rating to a neutral rating and increased their price target for the stock from $41.00 to $44.00 in a research note on Tuesday, July 24th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Werner Enterprises currently has an average rating of Hold and a consensus price target of $43.60.

NASDAQ:WERN opened at $34.15 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.81 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.53 billion, a PE ratio of 26.89, a P/E/G ratio of 1.09 and a beta of 1.01. Werner Enterprises has a one year low of $33.20 and a one year high of $43.95.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, July 23rd. The transportation company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.50 by $0.11. The firm had revenue of $619.13 million during the quarter, compared to analyst estimates of $599.20 million. Werner Enterprises had a return on equity of 10.71% and a net margin of 10.09%. Werner Enterprises’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. Sell-side analysts expect that Werner Enterprises will post 2.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Monday, October 1st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.05%. Werner Enterprises’s payout ratio is presently 28.35%.

A number of hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB bought a new position in shares of Werner Enterprises during the 2nd quarter valued at about $230,000. Levin Capital Strategies L.P. bought a new position in shares of Werner Enterprises during the 1st quarter valued at about $292,000. Green Square Capital LLC bought a new position in shares of Werner Enterprises during the 2nd quarter valued at about $304,000. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Werner Enterprises by 56.5% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 9,192 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 3,318 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Werner Enterprises during the 2nd quarter valued at about $375,000. Institutional investors and hedge funds own 68.40% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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