Werner Enterprises (NASDAQ:WERN – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
A number of other equities analysts have also commented on WERN. Robert W. Baird upgraded Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group raised their target price on Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup increased their price objective on Werner Enterprises from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Werner Enterprises in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.54.
Get Our Latest Analysis on WERN
Werner Enterprises Trading Down 1.3%
Werner Enterprises (NASDAQ:WERN – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.Werner Enterprises’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Equities analysts anticipate that Werner Enterprises will post 1.13 EPS for the current year.
Institutional Trading of Werner Enterprises
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WERN. PNC Financial Services Group Inc. boosted its holdings in Werner Enterprises by 41.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 679 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Werner Enterprises in the 2nd quarter valued at $128,000. Covestor Ltd boosted its stake in Werner Enterprises by 28.3% in the 4th quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock valued at $98,000 after buying an additional 719 shares in the last quarter. KBC Group NV grew its position in Werner Enterprises by 86.9% in the fourth quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 1,680 shares during the period. Finally, GAMMA Investing LLC raised its stake in Werner Enterprises by 21.5% during the second quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock worth $166,000 after acquiring an additional 675 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.
Werner Enterprises Company Profile
Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.
Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.
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