Werner Enterprises, Inc. (WERN) PT Raised to $35.00
Werner Enterprises, Inc. (NASDAQ:WERN) had its price target upped by stock analysts at Wells Fargo & Co from $29.00 to $35.00 in a note issued to investors on Friday. The firm presently has a “market perform” rating on the transportation company’s stock. Wells Fargo & Co’s target price would suggest a potential downside of 1.82% from the company’s current price.
Several other brokerages also recently weighed in on WERN. Robert W. Baird restated a “hold” rating and set a $38.00 price objective on shares of Werner Enterprises in a research report on Friday, October 6th. Morgan Stanley boosted their price objective on shares of Werner Enterprises from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, August 23rd. Cowen and Company downgraded shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research report on Monday. Finally, Bank of America Corporation upgraded shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $30.00 to $32.00 in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Werner Enterprises presently has an average rating of “Hold” and an average price target of $33.73.
Shares of Werner Enterprises (NASDAQ:WERN) traded up 0.14% on Friday, reaching $35.65. 1,807,704 shares of the company’s stock were exchanged. Werner Enterprises has a one year low of $23.20 and a one year high of $37.20. The firm has a 50 day moving average of $35.06 and a 200 day moving average of $30.16. The firm has a market capitalization of $2.58 billion, a P/E ratio of 32.41 and a beta of 0.90.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million for the quarter, compared to analysts’ expectations of $532.48 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, equities research analysts predict that Werner Enterprises will post $1.24 EPS for the current year.
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In other Werner Enterprises news, CEO Derek J. Leathers sold 12,756 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.00, for a total value of $382,680.00. Following the transaction, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at approximately $7,246,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the chief executive officer now directly owns 228,780 shares in the company, valued at $6,867,975.60. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $1,593,570 over the last three months. 34.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new position in Werner Enterprises in the 1st quarter valued at $1,037,000. BNP Paribas Arbitrage SA increased its stake in Werner Enterprises by 108.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 25,567 shares of the transportation company’s stock valued at $750,000 after buying an additional 13,323 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Werner Enterprises by 21.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 53,482 shares of the transportation company’s stock valued at $1,570,000 after buying an additional 9,462 shares during the period. Engineers Gate Manager LP acquired a new position in Werner Enterprises in the 2nd quarter valued at $1,202,000. Finally, Geode Capital Management LLC increased its stake in Werner Enterprises by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 368,735 shares of the transportation company’s stock valued at $9,660,000 after buying an additional 16,281 shares during the period. 64.10% of the stock is currently owned by institutional investors.
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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