Werner Enterprises (WERN) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Werner Enterprises (NASDAQ:WERN) from a hold rating to a sell rating in a research note published on Saturday morning.

According to Zacks, “Werner Enterprises, Inc. is a premier transportation and logistics company. The company is engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; temperature-controlled. Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. “

A number of other research firms also recently issued reports on WERN. BidaskClub raised shares of Werner Enterprises from a sell rating to a hold rating in a report on Wednesday, October 24th. Stephens set a $40.00 target price on shares of Werner Enterprises and gave the stock a buy rating in a research note on Friday, October 19th. Morgan Stanley set a $48.00 target price on shares of Werner Enterprises and gave the stock a buy rating in a research note on Monday, October 22nd. Cowen upgraded shares of Werner Enterprises from an underperform rating to a market perform rating and set a $37.00 target price on the stock in a research note on Friday, October 19th. Finally, ValuEngine upgraded shares of Werner Enterprises from a sell rating to a hold rating in a research note on Tuesday, October 23rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Werner Enterprises presently has an average rating of Hold and an average price target of $41.33.

NASDAQ WERN traded up $1.18 during trading on Friday, hitting $33.10. The company had a trading volume of 1,017,728 shares, compared to its average volume of 532,484. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. Werner Enterprises has a one year low of $28.67 and a one year high of $43.95. The firm has a market capitalization of $2.36 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. Werner Enterprises’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. On average, sell-side analysts predict that Werner Enterprises will post 2.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, December 31st. Werner Enterprises’s dividend payout ratio (DPR) is presently 28.35%.

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in Werner Enterprises by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 44,322 shares of the transportation company’s stock valued at $1,567,000 after purchasing an additional 1,204 shares during the last quarter. Optimum Investment Advisors increased its stake in shares of Werner Enterprises by 11.2% in the 3rd quarter. Optimum Investment Advisors now owns 18,900 shares of the transportation company’s stock worth $668,000 after acquiring an additional 1,900 shares during the last quarter. United Services Automobile Association increased its stake in shares of Werner Enterprises by 7.3% in the 2nd quarter. United Services Automobile Association now owns 31,430 shares of the transportation company’s stock worth $1,180,000 after acquiring an additional 2,147 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Werner Enterprises in the 3rd quarter worth $106,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Werner Enterprises by 1,116.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the transportation company’s stock worth $140,000 after acquiring an additional 3,616 shares during the last quarter. 72.93% of the stock is owned by hedge funds and other institutional investors.

About Werner Enterprises

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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