Werner Enterprises (NASDAQ:WERN) Price Target Raised to $55.00

Werner Enterprises (NASDAQ:WERN) had its price objective boosted by KeyCorp from $50.00 to $55.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Several other analysts also recently weighed in on WERN. Citigroup boosted their target price on Werner Enterprises from $48.00 to $52.00 and gave the company a buy rating in a report on Wednesday, July 8th. Deutsche Bank boosted their target price on Werner Enterprises from $46.00 to $47.00 and gave the company a buy rating in a report on Wednesday, June 17th. Zacks Investment Research raised Werner Enterprises from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Saturday, July 4th. JPMorgan Chase & Co. boosted their target price on Werner Enterprises from $37.00 to $38.00 and gave the company an underweight rating in a report on Wednesday, April 29th. Finally, Morgan Stanley upped their price objective on Werner Enterprises from $44.00 to $45.00 and gave the company an overweight rating in a research note on Monday, July 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $45.27.

NASDAQ:WERN opened at $43.99 on Thursday. The stock has a 50-day simple moving average of $42.98 and a 200-day simple moving average of $39.47. The stock has a market cap of $3.08 billion, a P/E ratio of 20.46, a P/E/G ratio of 8.02 and a beta of 0.83. Werner Enterprises has a 1 year low of $28.99 and a 1 year high of $46.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.48 and a current ratio of 1.73.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.22. Werner Enterprises had a return on equity of 14.22% and a net margin of 6.23%. The business had revenue of $568.96 million during the quarter, compared to the consensus estimate of $561.70 million. During the same period in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities research analysts predict that Werner Enterprises will post 1.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Thursday, July 2nd. Werner Enterprises’s dividend payout ratio (DPR) is 15.06%.

In other news, Chairman Clarence L. Werner sold 14,130,523 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.00, for a total transaction of $579,351,443.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jim S. Schelble sold 3,388 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $43.20, for a total value of $146,361.60. Following the transaction, the vice president now directly owns 57,717 shares of the company’s stock, valued at $2,493,374.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,141,411 shares of company stock valued at $579,823,515. Company insiders own 36.40% of the company’s stock.

Several hedge funds have recently modified their holdings of WERN. Comerica Bank grew its holdings in shares of Werner Enterprises by 37.2% in the 2nd quarter. Comerica Bank now owns 34,842 shares of the transportation company’s stock worth $1,541,000 after acquiring an additional 9,452 shares during the period. Sigma Planning Corp acquired a new stake in shares of Werner Enterprises in the 2nd quarter worth approximately $271,000. Fox Run Management L.L.C. acquired a new stake in shares of Werner Enterprises in the 2nd quarter worth approximately $318,000. UBS Group AG grew its holdings in shares of Werner Enterprises by 403.2% in the 2nd quarter. UBS Group AG now owns 3,608 shares of the transportation company’s stock worth $157,000 after acquiring an additional 2,891 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Werner Enterprises by 26.9% in the 2nd quarter. Signaturefd LLC now owns 5,085 shares of the transportation company’s stock worth $221,000 after acquiring an additional 1,079 shares during the period. 62.47% of the stock is owned by institutional investors and hedge funds.

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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