Werner Enterprises, Inc. (NASDAQ:WERN)‘s stock had its “hold” rating reissued by investment analysts at Robert W. Baird in a research report issued on Friday, October 6th. They currently have a $38.00 target price on the transportation company’s stock. Robert W. Baird’s price target suggests a potential upside of 11.11% from the stock’s current price.
Other research analysts also recently issued reports about the company. Stifel Nicolaus restated a “hold” rating and issued a $36.00 price target on shares of Werner Enterprises in a research note on Sunday, October 1st. Barclays PLC upped their price target on Werner Enterprises from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Werner Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley restated an “overweight” rating and issued a $32.00 price target (up from $30.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. Finally, BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Werner Enterprises presently has an average rating of “Hold” and an average price target of $33.00.
Werner Enterprises (WERN) opened at 34.20 on Friday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 31.09 and a beta of 0.90. The stock has a 50 day moving average of $34.83 and a 200-day moving average of $29.90. Werner Enterprises has a 52-week low of $21.45 and a 52-week high of $37.00.
Werner Enterprises (NASDAQ:WERN) last released its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The company had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities research analysts anticipate that Werner Enterprises will post $1.24 earnings per share for the current fiscal year.
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In other Werner Enterprises news, CEO Derek J. Leathers sold 12,244 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.02, for a total value of $367,564.88. Following the sale, the chief executive officer now owns 228,780 shares in the company, valued at $6,867,975.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Derek J. Leathers sold 17,500 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total value of $617,050.00. Following the completion of the sale, the chief executive officer now owns 211,280 shares in the company, valued at approximately $7,449,732.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock valued at $1,593,570. 34.70% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Werner Enterprises by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock valued at $159,992,000 after buying an additional 194,294 shares during the period. BlackRock Inc. increased its stake in shares of Werner Enterprises by 2.6% during the second quarter. BlackRock Inc. now owns 4,736,977 shares of the transportation company’s stock valued at $139,031,000 after buying an additional 119,913 shares during the period. Vanguard Group Inc. increased its stake in shares of Werner Enterprises by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,663,764 shares of the transportation company’s stock valued at $107,531,000 after buying an additional 19,431 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Werner Enterprises by 13.3% during the second quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock valued at $106,910,000 after buying an additional 426,376 shares during the period. Finally, Fairpointe Capital LLC increased its stake in shares of Werner Enterprises by 1.3% during the second quarter. Fairpointe Capital LLC now owns 3,220,554 shares of the transportation company’s stock valued at $94,523,000 after buying an additional 42,343 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.
About Werner Enterprises
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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