Werner Enterprises, Inc. (NASDAQ:WERN) was downgraded by equities research analysts at Cowen and Company from a “market perform” rating to an “underperform” rating in a note issued to investors on Monday.

WERN has been the subject of a number of other reports. Bank of America Corporation reaffirmed an “underperform” rating and issued a $30.00 price objective (up from $25.00) on shares of Werner Enterprises in a research note on Monday, July 10th. Zacks Investment Research raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $32.00 price objective (up from $25.00) on shares of Werner Enterprises in a research note on Wednesday, August 9th. BidaskClub lowered shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $32.00 price objective (up from $30.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and an average price target of $33.00.

Werner Enterprises (WERN) opened at 34.70 on Monday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 31.55 and a beta of 0.90. The company has a 50 day moving average of $34.83 and a 200 day moving average of $29.90. Werner Enterprises has a 52 week low of $21.45 and a 52 week high of $37.00.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The company had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Werner Enterprises will post $1.24 EPS for the current fiscal year.

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In other news, VP Jim S. Schelble sold 7,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the transaction, the vice president now owns 55,306 shares in the company, valued at $1,668,582.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.00, for a total transaction of $382,680.00. Following the transaction, the chief executive officer now owns 241,536 shares in the company, valued at approximately $7,246,080. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $1,593,570. Corporate insiders own 34.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in shares of Werner Enterprises by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 28,559 shares of the transportation company’s stock valued at $838,000 after acquiring an additional 160 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Werner Enterprises by 2.7% during 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 acquiring an additional 163 shares in the last quarter. Advantus Capital Management Inc increased its holdings in shares of Werner Enterprises by 3.2% during the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 178 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Werner Enterprises by 0.9% during the second quarter. Texas Permanent School Fund now owns 32,691 shares of the transportation company’s stock valued at $959,000 after acquiring an additional 285 shares in the last quarter. Finally, State Treasurer State of Michigan increased its holdings in shares of Werner Enterprises by 1.7% during the second quarter. State Treasurer State of Michigan now owns 18,475 shares of the transportation company’s stock valued at $542,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 64.10% 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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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