Werner Enterprises (NASDAQ:WERN) Stock Rating Upgraded by StockNews.com

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

WERN has been the topic of several other reports. Stifel Nicolaus lifted their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI reduced their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price objective on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.29.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $34.16 on Thursday. The company has a market capitalization of $2.11 billion, a PE ratio of 62.11 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The stock has a fifty day moving average of $36.13 and a 200-day moving average of $37.32. Werner Enterprises has a one year low of $33.12 and a one year high of $42.48.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS 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%. As a group, equities analysts anticipate that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maple Rock Capital Partners Inc. bought a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $35,257,000. Wellington Management Group LLP acquired a new position in Werner Enterprises during the 4th quarter worth $31,634,000. Nuance Investments LLC boosted its holdings in Werner Enterprises by 24.5% during the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after acquiring an additional 776,277 shares during the period. American Century Companies Inc. grew its position in shares of 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 purchasing an additional 234,811 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of 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 worth $59,010,000 after purchasing an additional 143,953 shares during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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.