Werner Enterprises (NASDAQ:WERN) Rating Lowered to "Sell" at StockNews.com

Werner Enterprises (NASDAQ:WERN - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Thursday.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a "hold" rating and a $33.00 price target on the stock. Susquehanna lowered their target price on Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus increased their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Barclays lowered their price objective on Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company cut their target price on shares of Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $35.40.

Werner Enterprises Stock Performance

Werner Enterprises stock traded up $0.15 during mid-day trading on Thursday, reaching $27.43. 421,435 shares of the company's stock were exchanged, compared to its average volume of 779,092. Werner Enterprises has a one year low of $26.50 and a one year high of $42.48. The firm has a market capitalization of $1.70 billion, a PE ratio of 49.74 and a beta of 1.06. The business's fifty day simple moving average is $32.18 and its 200 day simple moving average is $35.85. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly 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 net margin of 1.13% and a return on equity of 2.27%. On average, sell-side analysts expect that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WERN. Maple Rock Capital Partners Inc. purchased a new position in Werner Enterprises in the 4th quarter worth approximately $35,257,000. Wellington Management Group LLP purchased a new position in Werner Enterprises in the fourth quarter worth $31,634,000. American Century Companies Inc. increased its stake in Werner Enterprises by 13.4% in the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after acquiring an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock valued at $59,010,000 after acquiring an additional 143,953 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Werner Enterprises by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock valued at $7,557,000 after purchasing an additional 124,574 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

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.