Werner Enterprises, Inc. (NASDAQ:WERN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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. “

WERN has been the topic of several other reports. Buckingham Research started coverage on shares of Werner Enterprises in a report on Monday, August 21st. They issued a “buy” rating and a $36.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Cowen and Company lifted their price target on shares of Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $32.00 price target (up from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. Finally, Credit Suisse Group cut their price target on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Werner Enterprises currently has an average rating of “Hold” and an average price target of $33.73.

Werner Enterprises (NASDAQ:WERN) opened at 35.30 on Wednesday. The company has a market capitalization of $2.55 billion, a PE ratio of 32.09 and a beta of 0.90. The company has a 50-day moving average price of $35.11 and a 200 day moving average price of $30.37. Werner Enterprises has a 52-week low of $23.70 and a 52-week high of $37.20.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The business had revenue of $528.64 million for the quarter, compared to analysts’ expectations of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Equities research analysts anticipate that Werner Enterprises will post $1.23 earnings per share for the current year.

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In other news, CEO Derek J. Leathers sold 17,500 shares of Werner Enterprises stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 211,280 shares in the company, valued at $7,449,732.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Derek J. Leathers sold 12,244 shares of Werner Enterprises stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.02, for a total transaction of $367,564.88. Following the sale, the chief executive officer now owns 228,780 shares of the company’s stock, valued at $6,867,975.60. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $1,593,570 over the last quarter. Insiders own 34.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. LS Investment Advisors LLC lifted its stake in shares of Werner Enterprises by 17.2% during 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 period. Barclays PLC lifted its position 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 period. Advantus Capital Management Inc lifted its position 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 period. Public Employees Retirement System of Ohio lifted its position 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 period. Finally, Teacher Retirement System of Texas lifted its position 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 period. Institutional investors and hedge funds own 64.93% 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.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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