Werner Enterprises, Inc. (NASDAQ:WERN) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $38.70.

WERN has been the subject of a number of analyst reports. Stephens initiated coverage on Werner Enterprises in a research note on Monday, July 1st. They set a “buy” rating for the company. Morgan Stanley decreased their price objective on Werner Enterprises from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Credit Suisse Group decreased their price objective on Werner Enterprises from $29.00 to $28.00 and set an “underperform” rating for the company in a research note on Friday, July 26th. ValuEngine upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, BidaskClub upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday.

A number of institutional investors have recently added to or reduced their stakes in the business. Chesley Taft & Associates LLC raised its stake in Werner Enterprises by 5.6% in the second quarter. Chesley Taft & Associates LLC now owns 8,220 shares of the transportation company’s stock valued at $255,000 after buying an additional 435 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Werner Enterprises by 19.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the transportation company’s stock valued at $82,000 after buying an additional 436 shares during the last quarter. Parallel Advisors LLC raised its stake in Werner Enterprises by 35.7% in the first quarter. Parallel Advisors LLC now owns 2,103 shares of the transportation company’s stock valued at $72,000 after buying an additional 553 shares during the last quarter. Keybank National Association OH raised its stake in Werner Enterprises by 2.4% in the first quarter. Keybank National Association OH now owns 30,475 shares of the transportation company’s stock valued at $1,041,000 after buying an additional 725 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in Werner Enterprises by 2.7% in the first quarter. Texas Permanent School Fund now owns 29,673 shares of the transportation company’s stock valued at $1,013,000 after buying an additional 788 shares during the last quarter. Institutional investors own 68.29% of the company’s stock.

Shares of NASDAQ WERN traded up $0.26 during mid-day trading on Friday, reaching $35.29. 585,400 shares of the company were exchanged, compared to its average volume of 663,432. The company has a quick ratio of 1.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.64 and a beta of 1.23. Werner Enterprises has a 1 year low of $27.27 and a 1 year high of $40.80. The firm has a 50-day moving average of $32.24 and a 200 day moving average of $32.48.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $627.53 million for the quarter, compared to analysts’ expectations of $634.67 million. Werner Enterprises had a return on equity of 15.11% and a net margin of 7.26%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. On average, equities analysts forecast that Werner Enterprises will post 2.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Monday, October 7th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, October 4th. Werner Enterprises’s dividend payout ratio (DPR) is presently 15.13%.

About Werner Enterprises

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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