Published: Thu, February 15, 2018
Finance | By Loren Pratt

Brokerages Set Werner Enterprises, Inc. (WERN) Price Target at $39.13


Investors sentiment increased to 1.55 in 2017 Q3. It improved, as 15 investors sold Werner Enterprises, Inc. shares while 47 reduced holdings.

Other hedge funds have also added to or reduced their stakes in the company.

Taking a look at the recent stock price for Werner Enterprises, Inc. (NASDAQ:WERN) have been given an average recommendation of "Hold" by the eighteen research firms that are covering the stock, Marketbeat reports. Hodges Capital Management Inc. purchased a new stake in Werner Enterprises during the 3rd quarter worth $13,171,000.

The top 5 institutional holders, in ascending order, are as follows: DIMENSIONAL FUND ADVISORS LP with 5.4 million shares, BLACKROCK INC. with 5.22 million shares, VANGUARD GROUP INC with 3.67 million shares, BANK OF NEW YORK MELLON CORP with 3.26 million shares, and FAIRPOINTE CAPITAL LLC with 3.07 million shares. The institutional investor held 3.07M shares of the transportation company at the end of 2017Q3, valued at $112.19 million, down from 3.22M at the end of the previous reported quarter. Barclays lifted their price objective on shares of Werner Enterprises from $25.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, October 2nd. Arizona State Retirement holds 0.01% of its portfolio in Werner Enterprises, Inc. Vident Investment Advisory Llc sold 9,766 shares as Werner Enterprises Inc (WERN)'s stock declined 7.18%. (NASDAQ:WERN). Envestnet Asset Inc stated it has 59,264 shares. Menta Cap Ltd Llc holds 46,393 shares.

Examining Institutional Ownership at Werner Enterprises, Inc. (NASDAQ:WERN). 382,451 are held by Massachusetts Serv Ma. Credit Suisse Ag accumulated 0% or 136,244 shares. State Of Tennessee Treasury Department reported 40,000 shares.


Since September 20, 2017, it had 0 insider purchases, and 1 insider sale for $616,984 activity. Castleark Mgmt Ltd Liability holds 0.28% or 242,695 shares. Access it here: 000125889718001311. (NASDAQ:WERN) for 5,727 shares. ING Groep NV acquired a new position in shares of Werner Enterprises in the 3rd quarter worth approximately $201,000. The ex-dividend date of this dividend was Friday, September 29th. Werner Enterprises's payout ratio is now 10.04%. Speece Thorson Capital Group Inc who had been investing in Werner Enterprises Inc for a number of months, seems to be less bullish one the $2.63 billion market cap company. Brinker owns 49,145 shares. This is increased by 3649584. Amalgamated Bank bought a new position in shares of Werner Enterprises during the third quarter worth about $234,000.

The stock of Werner Enterprises, Inc. The total amount of shares outstanding is 72.14 million, giving the company a market capitalization of about 2.61 billion.

Apollo Global Management, LLC is a publicly owned investment manager. UBS upgraded Werner Enterprises, Inc.

Werner Enterprises, Inc.is a transportation and logistics company. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated van, temperature-controlled and flatbed; medium-to-long-haul, regional and local van; and expedited services. It operates through two segments: Truckload and Werner Logistics. The Werner Logistics portfolio includes freight management, truck brokerage, intermodal, final mile and global services. The company was maintained on Friday, July 31 by Canaccord Genuity. The stock decreased 0.14% or $0.05 during the last trading session, reaching $36.2. $24.40's average target is -1.81% below currents $24.85 stock price. The original version of this story can be viewed at https://registrarjournal.com/2018/02/13/brokerages-set-werner-enterprises-inc-wern-price-target-at-39-13.html. It has underperformed by 6.18% the S&P500.The move comes after 5 months negative chart setup for the $2.76B company.

Werner Enterprises, Inc is a transportation and logistics company. The company has market cap of $627.87 million. It has a 46.19 P/E ratio. Werner Enterprises, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President & CEO Leathers Derek J has sold 17,500 shares of Werner Enterprises, Inc. Therefore 29% are positive. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. sell-side analysts forecast that Werner Enterprises will post 1.97 EPS for the current year. American Century Companies Inc sold 10,020 shares as the company's stock rose 1.94% with the market. On Thursday, December 21 the stock rating was maintained by Maxim Group with "Hold". On Monday, August 14 the stock rating was upgraded by Stephens to "Buy". The firm has "Hold" rating by Stifel Nicolaus given on Thursday, September 28. The rating was maintained by Susquehanna with "Hold" on Monday, January 8. Brave Asset owns 0.74% invested in Bank of America Corporation (NYSE:BAC) for 55,357 shares. Finally, Cowen downgraded shares of Werner Enterprises from a "market perform" rating to an "underperform" rating in a research report on Monday, October 16th. (NASDAQ:WERN) news were published by: Globenewswire.com which released: "Werner Enterprises to Participate in the Stifel Transportation and Logistics ..." on February 05, 2018, also Nasdaq.com published article titled: "Werner Enterprises Enters Oversold Territory (WERN)", Globenewswire.com published: "Werner Enterprises Named 2018 Innovator of the Year" on February 09, 2018.

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