Werner Enterprises, Inc. (NASDAQ:WERN)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a report issued on Sunday. They presently have a $36.00 price target on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential downside of 0.83% from the stock’s current price.

Several other research analysts have also weighed in on WERN. Bank of America Corporation reaffirmed an “underperform” rating and issued a $30.00 target price (up from $25.00) on shares of Werner Enterprises in a research report on Monday, July 10th. Zacks Investment Research raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Deutsche Bank AG reiterated a “hold” rating and set a $32.00 price target (up from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. BidaskClub lowered Werner Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $32.00 price target (up previously from $30.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Werner Enterprises presently has an average rating of “Hold” and a consensus price target of $32.33.

Shares of Werner Enterprises (NASDAQ WERN) opened at 36.30 on Friday. Werner Enterprises has a 52 week low of $21.45 and a 52 week high of $37.00. The firm’s 50-day moving average price is $33.57 and its 200 day moving average price is $29.29. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 33.00 and a beta of 0.90.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. During the same period in the prior year, the business posted $0.25 earnings per share. Werner Enterprises’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Werner Enterprises will post $1.23 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Stifel Nicolaus Reiterates Hold Rating for Werner Enterprises, Inc. (WERN)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/10/03/stifel-nicolaus-reiterates-hold-rating-for-werner-enterprises-inc-wern.html.

In related news, CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total transaction of $617,050.00. Following the completion of the sale, the chief executive officer now directly owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $30.00, for a total transaction of $382,680.00. Following the sale, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at $7,246,080. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock worth $1,593,570. Insiders own 34.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC lifted its position in Werner Enterprises by 17.2% during the 2nd quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after acquiring an additional 533 shares during the last quarter. Advantus Capital Management Inc boosted its holdings in Werner Enterprises by 3.2% during the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 178 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Werner Enterprises by 2.7% during the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after acquiring an additional 163 shares during the period. Royal Bank of Canada boosted its holdings in Werner Enterprises by 190.5% during the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 4,872 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in Werner Enterprises by 11.5% during the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after acquiring an additional 880 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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)

Receive News & Stock Ratings for Werner Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises Inc. and related stocks with our FREE daily email newsletter.