Werner Enterprises (WERN) Given Hold Rating at 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. The brokerage 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. “

Several other research firms have also issued reports on WERN. Stephens reissued a buy rating and set a $48.00 target price on shares of Werner Enterprises in a research note on Wednesday. BidaskClub raised shares of Werner Enterprises from a buy rating to a strong-buy rating in a research note on Thursday, December 21st. UBS Group raised shares of Werner Enterprises from a neutral rating to a buy rating and raised their price target for the company from $37.00 to $47.00 in a research note on Friday, January 5th. Barclays raised their price target on shares of Werner Enterprises from $25.00 to $32.00 and gave the company an equal weight rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $36.00 price target on shares of Werner Enterprises in a research note on Sunday, October 1st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $36.00.

Werner Enterprises (NASDAQ WERN) traded down $0.20 during mid-day trading on Friday, hitting $39.90. 429,327 shares of the stock traded hands, compared to its average volume of 573,107. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78. Werner Enterprises has a twelve month low of $24.20 and a twelve month high of $40.58. The stock has a market cap of $2,886.25, a price-to-earnings ratio of 34.70, a P/E/G ratio of 1.69 and a beta of 0.97.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s dividend payout ratio is presently 24.35%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Public Employees Retirement System of Ohio lifted its stake in Werner Enterprises by 7.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after purchasing an additional 451 shares in the last quarter. ING Groep NV purchased a new position in Werner Enterprises in the 3rd quarter worth approximately $201,000. Crossmark Global Holdings Inc. purchased a new position in Werner Enterprises in the 3rd quarter worth approximately $203,000. Royal Bank of Canada lifted its stake in Werner Enterprises by 190.5% in the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after purchasing an additional 4,872 shares in the last quarter. Finally, Rehmann Capital Advisory Group purchased a new position in Werner Enterprises in the 3rd quarter worth approximately $233,000. 64.71% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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