Werner Enterprises, Inc. (NASDAQ:WERN) had its price target raised by Wells Fargo & Company from $29.00 to $35.00 in a research report report published on Friday morning. Wells Fargo & Company currently has a market perform rating on the transportation company’s stock.

Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Werner Enterprises from a sell rating to a hold rating in a research report on Saturday, July 8th. BidaskClub upgraded Werner Enterprises from a buy rating to a strong-buy rating in a research report on Friday, June 30th. Cowen and Company boosted their price objective on Werner Enterprises from $27.00 to $31.00 and gave the company a market perform rating in a research report on Tuesday, July 25th. Morgan Stanley reiterated an overweight rating and issued a $32.00 price objective (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Finally, Bank of America Corporation upgraded Werner Enterprises from an underperform rating to a neutral rating and boosted their price objective for the company from $30.00 to $32.00 in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $33.73.

Werner Enterprises (NASDAQ WERN) opened at 35.05 on Friday. The firm has a 50 day moving average of $35.10 and a 200 day moving average of $30.29. Werner Enterprises has a one year low of $23.70 and a one year high of $37.20. The firm has a market capitalization of $2.53 billion, a PE ratio of 31.86 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.26%. The business had revenue of $528.64 million during the quarter, compared to analyst estimates of $532.48 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Werner Enterprises’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts forecast that Werner Enterprises will post $1.23 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, September 29th. Werner Enterprises’s payout ratio is presently 24.35%.

In other news, CEO Derek J. Leathers sold 12,244 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $30.02, for a total value of $367,564.88. Following the completion of the sale, the chief executive officer now owns 228,780 shares of the company’s stock, valued at approximately $6,867,975.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $617,050.00. Following the completion of the sale, the chief executive officer now directly owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $1,593,570. 34.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WERN. UBS Asset Management Americas Inc. boosted its holdings in shares of Werner Enterprises by 18.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the transportation company’s stock valued at $535,000 after buying an additional 3,200 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Werner Enterprises by 0.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 98,390 shares of the transportation company’s stock valued at $2,578,000 after buying an additional 873 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Werner Enterprises by 6.5% in the 1st quarter. Prudential Financial Inc. now owns 30,005 shares of the transportation company’s stock valued at $786,000 after buying an additional 1,820 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Werner Enterprises by 27.4% in the 1st quarter. OppenheimerFunds Inc. now owns 19,498 shares of the transportation company’s stock valued at $510,000 after buying an additional 4,190 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Werner Enterprises by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 175,400 shares of the transportation company’s stock valued at $4,595,000 after buying an additional 4,936 shares during the last quarter. 64.10% of the stock is 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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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