Werner Enterprises, Inc. (NASDAQ:WERN) had its target price lifted by investment analysts at Morgan Stanley from $32.00 to $35.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s target price would indicate a potential downside of 1.69% from the company’s current price.

Several other research analysts have also recently commented on the stock. Cowen and Company cut shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research report on Monday. J P Morgan Chase & Co upped their price target on shares of Werner Enterprises from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Bank of America Corporation lowered shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $35.00 to $33.00 in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $38.00 price target on shares of Werner Enterprises in a research note on Friday, October 6th. Finally, Barclays PLC upped their price target on shares of Werner Enterprises from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.21.

Shares of Werner Enterprises (NASDAQ WERN) opened at 35.60 on Friday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 32.36 and a beta of 0.90. The stock’s 50 day moving average is $34.98 and its 200-day moving average is $30.09. Werner Enterprises has a 52-week low of $21.45 and a 52-week high of $37.00.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. During the same quarter last year, the company posted $0.26 EPS. Werner Enterprises’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts forecast that Werner Enterprises will post $1.24 earnings per share for the current fiscal year.

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In related news, CEO Derek J. Leathers sold 12,756 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $30.00, for a total transaction of $382,680.00. Following the completion of the sale, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at $7,246,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Derek J. Leathers sold 17,500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total transaction of $617,050.00. Following the sale, the chief executive officer now directly owns 211,280 shares of the company’s stock, valued at $7,449,732.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock valued at $1,593,570. Company insiders own 34.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC lifted its stake in Werner Enterprises by 17.2% during the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 533 shares during the last quarter. Barclays PLC lifted its stake in Werner Enterprises by 681.0% during the first quarter. Barclays PLC now owns 4,928 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 4,297 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Werner Enterprises by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 5,962 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 380 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Werner Enterprises by 13.8% during the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 790 shares during the last quarter. Finally, Advantus Capital Management Inc lifted its stake in Werner Enterprises by 3.2% during the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 178 shares during the last quarter. 64.10% of the stock is 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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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