Werner Enterprises (WERN) Stock Rating Reaffirmed by Zacks Investment Research

Zacks Investment Research reaffirmed their hold rating on shares of Werner Enterprises (NASDAQ:WERN) in a research report sent to investors on Saturday morning. Zacks Investment Research currently has a $44.00 price objective 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. “

WERN has been the topic of several other research reports. Stephens reaffirmed a buy rating and set a $48.00 price target on shares of Werner Enterprises in a research report on Wednesday, January 10th. Bank of America lowered Werner Enterprises from a neutral rating to an underperform rating and cut their price target for the stock from $35.00 to $33.00 in a research report on Tuesday, October 10th. BidaskClub raised Werner Enterprises from a buy rating to a strong-buy rating in a research report on Thursday, December 21st. Wells Fargo & Co lifted their price target on Werner Enterprises from $29.00 to $35.00 and gave the stock a market perform rating in a research report on Friday, October 20th. Finally, UBS Group raised Werner Enterprises from a neutral rating to a buy rating and lifted their price target for the stock from $37.00 to $47.00 in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Werner Enterprises has a consensus rating of Hold and a consensus target price of $36.00.

Shares of Werner Enterprises (NASDAQ:WERN) traded up $0.60 during midday trading on Friday, hitting $40.50. The stock had a trading volume of 1,166,800 shares, compared to its average volume of 840,240. The firm has a market cap of $2,886.25, a price-to-earnings ratio of 35.22, a PEG ratio of 1.65 and a beta of 0.97. Werner Enterprises has a 1-year low of $24.20 and a 1-year high of $41.10. The company has a quick ratio of 1.73, a current ratio of 1.78 and a debt-to-equity ratio of 0.07.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. sell-side analysts forecast that Werner Enterprises will post 1.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, December 29th. Werner Enterprises’s payout ratio is currently 24.35%.

Several large investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new position in shares of Werner Enterprises in the third quarter valued at approximately $428,000. GSA Capital Partners LLP acquired a new position in shares of Werner Enterprises in the third quarter valued at approximately $2,932,000. Neuberger Berman Group LLC acquired a new position in shares of Werner Enterprises in the third quarter valued at approximately $236,000. California Public Employees Retirement System increased its holdings in shares of Werner Enterprises by 4.6% in the third quarter. California Public Employees Retirement System now owns 166,046 shares of the transportation company’s stock valued at $6,069,000 after purchasing an additional 7,346 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Werner Enterprises in the third quarter valued at approximately $494,000. 64.71% of the stock is currently owned by institutional investors and hedge funds.

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Werner Enterprises Company Profile

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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