Werner Enterprises, Inc. (NASDAQ:WERN) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. TheStreet raised shares of Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Friday, July 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $25.00 price target (down previously from $31.00) on shares of Werner Enterprises in a research report on Sunday, April 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $29.00 price target (up previously from $26.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Finally, Cowen and Company upped their price target on shares of Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.36.

Shares of Werner Enterprises (WERN) traded up 1.047% during trading on Wednesday, hitting $31.375. 73,248 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $29.77 and a 200-day moving average price of $27.85. Werner Enterprises has a one year low of $21.45 and a one year high of $32.45. The stock has a market cap of $2.27 billion, a P/E ratio of 28.523 and a beta of 0.88.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The firm had revenue of $519.50 million during the quarter, compared to analysts’ expectations of $521.63 million. During the same quarter in the prior year, the company earned $0.25 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that Werner Enterprises will post $1.23 EPS for the current fiscal year.

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In other Werner Enterprises news, CEO Derek J. Leathers sold 12,244 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the transaction, the chief executive officer now owns 228,780 shares in the company, valued at approximately $6,867,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the transaction, the vice president now owns 55,300 shares in the company, valued at approximately $1,631,350. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,994 shares of company stock valued at $1,197,593. 34.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of WERN. LS Investment Advisors LLC raised its position in shares of Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after buying an additional 533 shares during the last quarter. Barclays PLC raised its position in shares of Werner Enterprises by 681.0% in the first quarter. Barclays PLC now owns 4,928 shares of the transportation company’s stock worth $134,000 after buying an additional 4,297 shares during the last quarter. Advantus Capital Management Inc raised its position in shares of Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock worth $150,000 after buying an additional 178 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Werner Enterprises by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,962 shares of the transportation company’s stock worth $137,000 after buying an additional 380 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Werner Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the transportation company’s stock worth $150,000 after buying an additional 790 shares during the last quarter. Institutional investors and hedge funds own 64.34% of the company’s stock.

Werner Enterprises Company Profile

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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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