Werner Enterprises, Inc. (NASDAQ:WERN) was up 7.2% during trading on Tuesday . The stock traded as high as $38.93 and last traded at $38.80. Approximately 2,134,950 shares changed hands during trading, an increase of 107% from the average daily volume of 1,030,478 shares. The stock had previously closed at $36.20.
Several equities research analysts recently commented on WERN shares. Credit Suisse Group increased their price objective on Werner Enterprises from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Zacks Investment Research reissued a “hold” rating and issued a $44.00 target price on shares of Werner Enterprises in a research report on Saturday, January 13th. Morgan Stanley raised their target price on Werner Enterprises from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Wells Fargo & Co raised their target price on Werner Enterprises from $35.00 to $43.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. Finally, BidaskClub cut Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.13.
The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2,790.00, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Werner Enterprises by 8.5% during the 4th quarter. BlackRock Inc. now owns 5,222,363 shares of the transportation company’s stock valued at $201,843,000 after buying an additional 408,612 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Werner Enterprises by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,663,764 shares of the transportation company’s stock valued at $107,531,000 after buying an additional 19,431 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Werner Enterprises by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,178,748 shares of the transportation company’s stock valued at $84,209,000 after buying an additional 351,852 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Werner Enterprises by 13.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,061,228 shares of the transportation company’s stock valued at $79,666,000 after buying an additional 247,353 shares in the last quarter. Finally, State Street Corp raised its stake in Werner Enterprises by 1.5% during the 2nd quarter. State Street Corp now owns 1,644,663 shares of the transportation company’s stock valued at $48,274,000 after purchasing an additional 23,936 shares during the period. 65.55% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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