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

Werner Enterprises (NASDAQ:WERN) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

WERN has been the subject of several other research reports. Wells Fargo & Company dropped their target price on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday. They issued a “hold” rating and a $33.00 target price for the company. Barclays dropped their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Susquehanna raised shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a report on Friday, January 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Six 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.00.

Werner Enterprises Stock Performance

Shares of NASDAQ:WERN traded down $1.62 during midday trading on Tuesday, hitting $30.52. The company had a trading volume of 958,090 shares, compared to its average volume of 714,178. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 55.49 and a beta of 0.85. Werner Enterprises has a 12-month low of $30.50 and a 12-month high of $42.48. The company has a fifty day moving average of $34.84 and a two-hundred day moving average of $36.86.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, equities research analysts expect that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WERN. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises during the fourth quarter worth $39,000. Blue Trust Inc. increased its holdings in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after buying an additional 514 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Werner Enterprises by 796.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock valued at $61,000 after buying an additional 1,513 shares in the last quarter. KBC Group NV increased its holdings in Werner Enterprises by 43.1% in the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock valued at $80,000 after buying an additional 624 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Werner Enterprises by 35.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock valued at $87,000 after buying an additional 639 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

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.