Werner Enterprises (NASDAQ:WERN) Receives “Negative” Rating from Susquehanna

Werner Enterprises (NASDAQ:WERN)‘s stock had its “negative” rating reissued by research analysts at Susquehanna in a report released on Monday, Marketbeat Ratings reports. They currently have a $27.00 target price on the transportation company’s stock, down from their previous target price of $32.00. Susquehanna’s price objective would indicate a potential downside of 24.52% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus decreased their price target on shares of Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on shares of Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. TD Cowen reduced their price objective on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Evercore ISI reduced their price objective on shares of Werner Enterprises from $39.00 to $35.00 and set an “in-line” rating for the company in a research report on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.42.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $35.77 on Monday. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $47.27. The stock has a market cap of $2.27 billion, a P/E ratio of 27.31, a PEG ratio of 2.92 and a beta of 0.83. The company has a 50-day moving average price of $36.39 and a 200 day moving average price of $38.74. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The firm had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. Werner Enterprises’s revenue for the quarter was down 7.6% on a year-over-year basis. Sell-side analysts anticipate that Werner Enterprises will post 1.35 earnings per share for the current year.

Hedge Funds Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Werner Enterprises by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock worth $272,021,000 after buying an additional 565,193 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock worth $168,369,000 after buying an additional 282,210 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Werner Enterprises by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock worth $161,484,000 after buying an additional 33,906 shares in the last quarter. Nuance Investments LLC boosted its position in shares of Werner Enterprises by 30.0% in the 1st quarter. Nuance Investments LLC now owns 2,948,542 shares of the transportation company’s stock worth $115,347,000 after buying an additional 680,194 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Werner Enterprises by 3.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock valued at $55,621,000 after purchasing an additional 48,340 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

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.