Werner Enterprises (WERN) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Werner Enterprises (NASDAQ:WERN) from a hold rating to a buy rating in a report published on Saturday morning. Zacks Investment Research currently has $44.00 target price on the transportation company’s stock.

According to Zacks, “Werner Enterprises, Inc. is a premier transportation and logistics company. The company is 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. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; temperature-controlled. Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. “

Other equities analysts also recently issued reports about the company. UBS Group upgraded Werner Enterprises from a neutral rating to a buy rating and raised their price target for the company from $37.00 to $47.00 in a report on Friday, January 5th. BidaskClub downgraded Werner Enterprises from a strong-buy rating to a buy rating in a report on Friday, January 5th. Barclays raised their price target on Werner Enterprises from $25.00 to $32.00 and gave the company an equal weight rating in a report on Monday, October 2nd. Stifel Nicolaus restated a hold rating and set a $36.00 price target on shares of Werner Enterprises in a report on Sunday, October 1st. Finally, Robert W. Baird restated a hold rating and set a $38.00 price target on shares of Werner Enterprises in a report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Werner Enterprises presently has a consensus rating of Hold and a consensus price target of $35.20.

Werner Enterprises (NASDAQ WERN) opened at $40.40 on Friday. Werner Enterprises has a twelve month low of $24.20 and a twelve month high of $40.45. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2,766.89, a price-to-earnings ratio of 35.13, a PEG ratio of 1.66 and a beta of 0.97.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results 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). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The company had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. Werner Enterprises’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Werner Enterprises will post 1.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.69%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.

Several institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its position in shares of Werner Enterprises by 1.9% during the second quarter. Ameritas Investment Partners Inc. now owns 17,816 shares of the transportation company’s stock valued at $523,000 after buying an additional 328 shares during the last quarter. Green Square Capital LLC boosted its position in Werner Enterprises by 2.9% in the second quarter. Green Square Capital LLC now owns 14,064 shares of the transportation company’s stock worth $414,000 after purchasing an additional 393 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Werner Enterprises by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after purchasing an additional 451 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Werner Enterprises by 6.6% in the second quarter. Thrivent Financial For Lutherans now owns 9,090 shares of the transportation company’s stock worth $267,000 after purchasing an additional 560 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Werner Enterprises by 2.0% in the second quarter. Prudential Financial Inc. now owns 30,595 shares of the transportation company’s stock worth $898,000 after purchasing an additional 590 shares during the last quarter. 64.71% of the stock is currently owned by institutional investors.

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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.

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