Werner Enterprises, Inc. (WERN) Lifted to Strong-Buy at BidaskClub
Werner Enterprises, Inc. (NASDAQ:WERN) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.
WERN has been the subject of several other research reports. Zacks Investment Research raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. TheStreet raised shares of Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. Bank of America Corporation raised shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $30.00 to $32.00 in a report on Tuesday, July 25th. Cowen and Company boosted 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. Finally, Stephens raised shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $30.00 to $36.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.36.
Werner Enterprises (NASDAQ:WERN) traded up 0.97% during midday trading on Wednesday, hitting $31.35. 90,959 shares of the stock traded hands. Werner Enterprises has a 12 month low of $21.45 and a 12 month high of $32.45. The company has a 50-day moving average of $29.77 and a 200-day moving average of $27.85. The stock has a market cap of $2.27 billion, a PE ratio of 28.50 and a beta of 0.88.
Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. On average, 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 12,756 shares of the company’s stock in a transaction 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 owns 241,536 shares of the company’s stock, valued at $7,246,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction on Monday, June 19th. The stock was 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 of the company’s stock, valued at approximately $1,631,350. The disclosure for this sale can be found here. Insiders have sold 39,994 shares of company stock valued at $1,197,593 in the last ninety days. Insiders own 34.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Werner Enterprises by 17,543.9% in the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock worth $120,967,000 after buying an additional 4,590,896 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Werner Enterprises by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock worth $106,910,000 after buying an additional 426,376 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Werner Enterprises by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,256,834 shares of the transportation company’s stock worth $137,729,000 after buying an additional 342,947 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Werner Enterprises during the first quarter worth about $7,715,000. Finally, Norges Bank acquired a new stake in Werner Enterprises during the fourth quarter worth about $6,683,000. 64.34% of the stock is owned by institutional investors and hedge funds.
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.
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