Werner Enterprises (NASDAQ:WERN) Stock Rating Upgraded by Zacks Research

Werner Enterprises (NASDAQ:WERN) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Morgan Stanley upped their price target on shares of Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup boosted their price objective on Werner Enterprises from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Evercore upgraded Werner Enterprises from an “underperform” rating to an “in-line” rating in a research report on Wednesday, July 1st. Robert W. Baird raised their target price on Werner Enterprises from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Finally, Susquehanna lifted their target price on Werner Enterprises from $38.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.15.

Werner Enterprises Stock Up 0.8%

Werner Enterprises stock opened at $43.32 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.46. Werner Enterprises has a 52-week low of $23.06 and a 52-week high of $45.27. The firm has a 50 day moving average price of $40.32 and a two-hundred day moving average price of $35.00. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -288.80, a PEG ratio of 0.90 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The company had revenue of $730.14 million for the quarter, compared to analyst estimates of $812.50 million. During the same period in the prior year, the firm posted ($0.12) EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Equities analysts predict that Werner Enterprises will post 0.95 EPS for the current year.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Werner Enterprises by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,514,200 shares of the transportation company’s stock worth $195,491,000 after acquiring an additional 90,480 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Werner Enterprises by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,794,752 shares of the transportation company’s stock worth $111,601,000 after purchasing an additional 148,826 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Werner Enterprises by 11.1% in the 1st quarter. Deprince Race & Zollo Inc. now owns 3,055,017 shares of the transportation company’s stock worth $89,848,000 after purchasing an additional 304,983 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Werner Enterprises by 605.3% in the 4th quarter. Wellington Management Group LLP now owns 2,510,354 shares of the transportation company’s stock worth $75,336,000 after purchasing an additional 2,154,428 shares in the last quarter. Finally, State Street Corp grew its position in Werner Enterprises by 0.9% in the 4th quarter. State Street Corp now owns 2,490,661 shares of the transportation company’s stock valued at $74,745,000 after purchasing an additional 22,075 shares during the period. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one?truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.