Werner Enterprises (NASDAQ:WERN) Upgraded to “Hold” at StockNews.com

Werner Enterprises (NASDAQ:WERN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently commented on the company. Evercore ISI decreased their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. Barclays decreased their target price on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Morgan Stanley reduced their price objective on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Werner Enterprises presently has an average rating of “Hold” and a consensus price target of $37.29.

Werner Enterprises Trading Down 2.5 %

NASDAQ WERN opened at $34.16 on Thursday. The company has a market cap of $2.11 billion, a P/E ratio of 62.11 and a beta of 0.84. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $42.48. 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 50-day moving average of $36.13 and a 200-day moving average of $37.32.

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

Hedge Funds Weigh In On Werner Enterprises

Several large investors have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in shares of Werner Enterprises during the fourth quarter valued at approximately $39,000. Blue Trust Inc. increased its position in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares during the period. International Assets Investment Management LLC increased its position in shares of Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,482 shares during the period. Sterling Capital Management LLC raised its stake in shares of Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after buying an additional 1,513 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Werner Enterprises

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.