Credit Suisse Group cut shares of Werner Enterprises (NASDAQ:WERN) from a neutral rating to an underperform rating in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports.
Several other brokerages have also recently issued reports on WERN. Buckingham Research increased their price objective on Werner Enterprises from $42.00 to $43.00 and gave the stock a buy rating in a research note on Monday, April 29th. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut Hudson Technologies from a hold rating to a sell rating in a research note on Monday, April 1st. Morgan Stanley set a $36.00 price objective on ArcBest and gave the stock a hold rating in a research note on Monday, July 8th. Finally, Stephens set a $112.00 price objective on Genesee & Wyoming and gave the stock a hold rating in a research note on Monday, July 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $40.38.
WERN opened at $30.90 on Thursday. The company has a market capitalization of $2.08 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.23. The company’s 50 day simple moving average is $29.88. Werner Enterprises has a one year low of $27.27 and a one year high of $42.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.41.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Werner Enterprises had a return on equity of 14.56% and a net margin of 7.08%. The company had revenue of $596.10 million for the quarter, compared to analysts’ expectations of $620.14 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Werner Enterprises’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Werner Enterprises will post 2.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be given a dividend of $0.09 per share. The ex-dividend date is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 1.17%. Werner Enterprises’s dividend payout ratio (DPR) is presently 15.13%.
A number of hedge funds and other institutional investors have recently made changes to their positions in WERN. Norges Bank bought a new stake in Werner Enterprises during the 4th quarter valued at $14,090,000. Federated Investors Inc. PA boosted its position in Werner Enterprises by 53.7% during the 1st quarter. Federated Investors Inc. PA now owns 572,948 shares of the transportation company’s stock valued at $19,566,000 after acquiring an additional 200,088 shares in the last quarter. Two Sigma Investments LP boosted its position in Werner Enterprises by 35.0% during the 4th quarter. Two Sigma Investments LP now owns 445,606 shares of the transportation company’s stock valued at $13,163,000 after acquiring an additional 115,568 shares in the last quarter. Two Sigma Advisers LP boosted its position in Werner Enterprises by 34.0% during the 4th quarter. Two Sigma Advisers LP now owns 419,781 shares of the transportation company’s stock valued at $12,400,000 after acquiring an additional 106,500 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in Werner Enterprises by 181.0% during the 1st quarter. Retirement Systems of Alabama now owns 160,816 shares of the transportation company’s stock valued at $5,492,000 after acquiring an additional 103,581 shares in the last quarter. 66.76% of the stock is currently owned by institutional investors and hedge funds.
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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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