Werner Enterprises (WERN) Trading Up 7.2%

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.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. The firm had revenue of $567.37 million for the quarter, compared to analysts’ expectations of $554.58 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. equities research analysts forecast that Werner Enterprises, Inc. will post 1.97 EPS for the current fiscal year.

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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