Werner Enterprises (WERN) Upgraded at UBS Group

UBS Group upgraded shares of Werner Enterprises (NASDAQ:WERN) from a neutral rating to a buy rating in a report released on Friday morning, 99wallstreet.com reports. UBS Group currently has $47.00 price target on the transportation company’s stock, up from their previous price target of $37.00.

WERN has been the subject of a number of other research reports. Wells Fargo & Co raised their target price on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a market perform rating in a research note on Friday, October 20th. Credit Suisse Group cut their target price on shares of Werner Enterprises from $35.00 to $34.00 and set a neutral rating for the company in a research note on Friday, October 20th. Stifel Nicolaus restated a hold rating and set a $36.00 target price on shares of Werner Enterprises in a research note on Sunday, October 1st. Zacks Investment Research upgraded shares of Werner Enterprises from a hold rating to a buy rating and set a $44.00 target price for the company in a research note on Tuesday, December 26th. Finally, Cowen cut shares of Werner Enterprises from a market perform rating to an underperform rating in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Werner Enterprises currently has an average rating of Hold and an average target price of $35.20.

Shares of Werner Enterprises (WERN) traded down $0.20 on Friday, hitting $38.25. 1,011,700 shares of the stock were exchanged, compared to its average volume of 766,100. Werner Enterprises has a 52 week low of $24.20 and a 52 week high of $39.85. The company has a market cap of $2,766.89, a P/E ratio of 33.26, a PEG ratio of 1.66 and a beta of 0.97. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The firm had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. During the same period last year, the business earned $0.26 EPS. The business’s revenue was up 3.9% on a year-over-year basis. analysts expect that Werner Enterprises will post 1.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s dividend payout ratio (DPR) is 24.35%.

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Werner Enterprises by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock worth $159,992,000 after purchasing an additional 194,294 shares in the last quarter. BlackRock Inc. raised its stake in Werner Enterprises by 2.6% in the 2nd quarter. BlackRock Inc. now owns 4,736,977 shares of the transportation company’s stock worth $139,031,000 after purchasing an additional 119,913 shares in the last quarter. Vanguard Group Inc. raised its stake in Werner Enterprises by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,663,764 shares of the transportation company’s stock worth $107,531,000 after purchasing an additional 19,431 shares in the last quarter. Fairpointe Capital LLC raised its stake in Werner Enterprises by 1.3% in the 2nd quarter. Fairpointe Capital LLC now owns 3,220,554 shares of the transportation company’s stock worth $94,523,000 after purchasing an additional 42,343 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in Werner Enterprises by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,956,186 shares of the transportation company’s stock worth $57,414,000 after purchasing an additional 60,373 shares in the last quarter. Institutional investors and hedge funds own 64.71% of the company’s stock.

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Werner Enterprises Company Profile

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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