Werner Enterprises (NASDAQ:WERN) Stock Rating Lowered by Credit Suisse Group

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Credit Suisse Group lowered shares of Werner Enterprises (NASDAQ:WERN) from a neutral rating to an underperform rating in a report published on Thursday, BenzingaRatingsTable reports.

A number of other equities research analysts have also recently commented on WERN. Stephens set a $112.00 target price on Genesee & Wyoming and gave the company a hold rating in a research report on Monday, July 1st. ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Morgan Stanley set a $36.00 target price on ArcBest and gave the company a hold rating in a research report on Monday, July 8th. Cowen raised their target price on Werner Enterprises from $35.00 to $36.00 and gave the company a market perform rating in a research report on Friday, April 26th. Finally, Zacks Investment Research cut Hudson Technologies from a hold rating to a sell rating in a research report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $40.38.

NASDAQ:WERN opened at $30.90 on Thursday. Werner Enterprises has a 52 week low of $27.27 and a 52 week high of $42.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.41 and a quick ratio of 1.38. The firm has a market cap of $2.08 billion, a PE ratio of 12.98, a PEG ratio of 0.92 and a beta of 1.23. The company’s 50-day simple moving average is $29.88.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Werner Enterprises had a return on equity of 14.56% and a net margin of 7.08%. The firm had revenue of $596.10 million for the quarter, compared to analysts’ expectations of $620.14 million. During the same period last year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Werner Enterprises will post 2.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, June 28th. Werner Enterprises’s payout ratio is 15.13%.

A number of hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of Werner Enterprises by 198.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,900 shares of the transportation company’s stock valued at $650,000 after buying an additional 13,900 shares during the period. Chesley Taft & Associates LLC raised its position in Werner Enterprises by 5.6% in the second quarter. Chesley Taft & Associates LLC now owns 8,220 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 435 shares during the period. Retirement Systems of Alabama raised its position in Werner Enterprises by 8.3% in the second quarter. Retirement Systems of Alabama now owns 174,106 shares of the transportation company’s stock valued at $5,411,000 after purchasing an additional 13,290 shares during the period. WINTON GROUP Ltd purchased a new stake in Werner Enterprises in the second quarter valued at approximately $464,000. Finally, First Trust Advisors LP raised its position in Werner Enterprises by 2.5% in the first quarter. First Trust Advisors LP now owns 170,866 shares of the transportation company’s stock valued at $5,835,000 after purchasing an additional 4,132 shares during the period. Institutional investors own 66.76% of the company’s stock.

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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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