Werner Enterprises, Inc. (NASDAQ:WERN) was upgraded by Stephens from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, The Fly reports.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Bank of America Corporation upgraded shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $30.00 to $32.00 in a research report on Tuesday, July 25th. TheStreet upgraded shares of Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. BidaskClub lowered shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “hold” rating and set a $29.00 target price (up from $26.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.80.

Shares of Werner Enterprises (WERN) opened at 30.45 on Monday. Werner Enterprises has a 52-week low of $21.45 and a 52-week high of $32.45. The stock has a market cap of $2.20 billion, a P/E ratio of 27.68 and a beta of 0.88. The firm’s 50-day moving average is $29.65 and its 200 day moving average is $27.78.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The company had revenue of $519.50 million for 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 firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Analysts forecast that Werner Enterprises will post $1.23 earnings per share for the current fiscal year.

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In related news, VP Jim S. Schelble sold 7,494 shares of Werner Enterprises stock in a transaction on Monday, June 19th. The shares were sold at an average price of $29.50, for a total value of $221,073.00. Following the transaction, the vice president now directly owns 55,300 shares in the company, valued at approximately $1,631,350. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jim S. Schelble sold 7,500 shares of Werner Enterprises stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the completion of the transaction, the vice president now owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,994 shares of company stock worth $1,197,593. 34.80% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Werner Enterprises during the fourth quarter worth $6,683,000. Teachers Advisors LLC raised its position in Werner Enterprises by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 72,433 shares of the transportation company’s stock worth $1,952,000 after buying an additional 2,000 shares during the period. Louisiana State Employees Retirement System raised its position in Werner Enterprises by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the transportation company’s stock worth $296,000 after buying an additional 300 shares during the period. Farmers & Merchants Investments Inc. raised its position in Werner Enterprises by 116.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 21,161 shares of the transportation company’s stock worth $554,000 after buying an additional 11,400 shares during the period. Finally, Speece Thorson Capital Group Inc. raised its position in Werner Enterprises by 2.9% in the first quarter. Speece Thorson Capital Group Inc. now owns 579,956 shares of the transportation company’s stock worth $15,195,000 after buying an additional 16,549 shares during the period. Hedge funds and other institutional investors own 64.34% of the company’s stock.

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.

The Fly

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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