Werner Enterprises, Inc. (NASDAQ:WERN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $35.00 price target on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.46% from the stock’s previous close.

According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily 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. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “

Other equities research analysts also recently issued research reports about the company. Bank of America Corporation reiterated an “underperform” rating and set a $30.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Monday, July 10th. Deutsche Bank AG reiterated a “hold” rating and set a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. BidaskClub downgraded Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating and set a $32.00 price objective (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $29.00 price objective (up previously from $26.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $30.83.

Shares of Werner Enterprises (NASDAQ:WERN) traded up 0.32% on Wednesday, reaching $31.50. The company’s stock had a trading volume of 554,710 shares. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 28.64 and a beta of 0.88. The stock has a 50-day moving average price of $29.93 and a 200-day moving average price of $27.93. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $32.45.

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

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In other Werner Enterprises news, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 228,780 shares of the company’s stock, valued at approximately $6,867,975.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jim S. Schelble sold 7,494 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 55,300 shares in the company, valued at $1,631,350. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,994 shares of company stock worth $1,197,593. Company insiders own 34.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of WERN. Virginia Retirement Systems ET AL increased its position in Werner Enterprises by 0.5% in the first quarter. Virginia Retirement Systems ET AL now owns 21,100 shares of the transportation company’s stock worth $553,000 after buying an additional 100 shares during the period. Meeder Asset Management Inc. increased its position in Werner Enterprises by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 28,559 shares of the transportation company’s stock worth $838,000 after buying an additional 160 shares during the period. Public Employees Retirement System of Ohio increased its position in Werner Enterprises by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock worth $164,000 after buying an additional 163 shares during the period. Advantus Capital Management Inc increased its position in 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 period. Finally, State Treasurer State of Michigan increased its position in Werner Enterprises by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,175 shares of the transportation company’s stock worth $476,000 after buying an additional 200 shares during the period. 64.34% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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