UBS Group upgraded shares of Werner Enterprises (NASDAQ:WERN) from a neutral rating to a buy rating in a report issued on Friday, 99wallstreet.com reports. The brokerage currently has $47.00 price objective on the transportation company’s stock, up from their previous price objective of $37.00.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley upped their price objective on Werner Enterprises from $32.00 to $35.00 and gave the company an overweight rating in a report on Friday, October 20th. Bank of America downgraded Werner Enterprises from a neutral rating to an underperform rating and dropped their price objective for the company from $35.00 to $33.00 in a report on Tuesday, October 10th. Zacks Investment Research upgraded Werner Enterprises from a hold rating to a buy rating and set a $39.00 price objective for the company in a report on Wednesday, September 27th. BidaskClub upgraded Werner Enterprises from a buy rating to a strong-buy rating in a report on Thursday, December 21st. Finally, Barclays upped their price objective on Werner Enterprises from $25.00 to $32.00 and gave the company an equal weight rating in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Werner Enterprises currently has a consensus rating of Hold and a consensus price target of $35.20.

Werner Enterprises (NASDAQ WERN) opened at $39.50 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78. Werner Enterprises has a one year low of $24.20 and a one year high of $39.85. The stock has a market capitalization of $2,766.89, a price-to-earnings ratio of 34.35, 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 (EPS) 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 firm had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. During the same period last year, the company earned $0.26 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. analysts forecast that Werner Enterprises will post 1.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.07 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.71%. Werner Enterprises’s dividend payout ratio (DPR) is currently 24.35%.

Several institutional investors have recently made changes to their positions in WERN. Schwab Charles Investment Management Inc. increased its holdings in shares of Werner Enterprises by 9.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 384,727 shares of the transportation company’s stock worth $11,292,000 after acquiring an additional 34,477 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Werner Enterprises by 79.3% in the second quarter. SG Americas Securities LLC now owns 17,309 shares of the transportation company’s stock worth $508,000 after acquiring an additional 7,655 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Werner Enterprises by 19.4% in the second quarter. Legal & General Group Plc now owns 36,643 shares of the transportation company’s stock worth $1,075,000 after acquiring an additional 5,950 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Werner Enterprises by 108.8% in the second quarter. BNP Paribas Arbitrage SA now owns 25,567 shares of the transportation company’s stock worth $750,000 after acquiring an additional 13,323 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of 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 acquiring an additional 590 shares in the last quarter. Institutional investors own 64.71% of the company’s stock.

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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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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