Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $33.54.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $36.00 target price on shares of Werner Enterprises in a research report on Sunday, October 1st. Barclays PLC boosted their target price on Werner Enterprises from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $38.00 target price on shares of Werner Enterprises in a research report on Friday, October 6th. J P Morgan Chase & Co boosted their target price on Werner Enterprises from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, Wells Fargo & Company lifted their price target on Werner Enterprises from $29.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, October 20th.

In other Werner Enterprises news, CEO Derek J. Leathers sold 12,756 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.00, for a total value of $382,680.00. Following the transaction, the chief executive officer now owns 241,536 shares in the company, valued at $7,246,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Derek J. Leathers sold 17,500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total value of $617,050.00. Following the completion of the transaction, the chief executive officer now owns 211,280 shares in the company, valued at approximately $7,449,732.80. The disclosure for this sale can be found here. Insiders sold 37,756 shares of company stock worth $1,226,005 in the last 90 days. Corporate insiders own 34.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. grew its stake 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 valued at $838,000 after purchasing an additional 160 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake 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 valued at $164,000 after purchasing an additional 163 shares in the last quarter. Texas Permanent School Fund grew its stake in Werner Enterprises by 0.9% in the second quarter. Texas Permanent School Fund now owns 32,691 shares of the transportation company’s stock valued at $959,000 after purchasing an additional 285 shares in the last quarter. State Treasurer State of Michigan grew its stake in Werner Enterprises by 1.7% in the second quarter. State Treasurer State of Michigan now owns 18,475 shares of the transportation company’s stock valued at $542,000 after purchasing an additional 300 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Werner Enterprises by 1.6% in the second quarter. Arizona State Retirement System now owns 18,900 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 64.64% of the company’s stock.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were paid a $0.07 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. Werner Enterprises’s dividend payout ratio (DPR) is currently 24.35%.

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About Werner Enterprises

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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