Werner Enterprises, Inc. (NASDAQ:WERN)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a note issued to investors on Sunday, Analyst Ratings.Net reports. They presently have a $29.00 target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 20.08% from the stock’s previous close.

Several large investors have recently bought and sold shares of WERN. Simplex Trading purchased a new stake in Werner Enterprises during the fourth quarter worth approximately $0. Retirement Systems of Alabama boosted its stake in Werner Enterprises by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 57,275 shares of the company’s stock worth $1,340,000 after buying an additional 748 shares during the last quarter. California State Teachers Retirement System boosted its stake in Werner Enterprises by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 82,216 shares of the company’s stock worth $1,923,000 after buying an additional 1,291 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Werner Enterprises during the fourth quarter worth approximately $288,000. Finally, Shinko Asset Management Co. Ltd. boosted its stake in Werner Enterprises by 13.0% in the fourth quarter. Shinko Asset Management Co. Ltd. now owns 118,689 shares of the company’s stock worth $2,776,000 after buying an additional 13,627 shares during the last quarter.

A number of other equities analysts also recently issued reports on WERN. Barclays reissued a “hold” rating and issued a $30.00 price target on shares of Werner Enterprises in a research note on Monday, October 5th. Credit Suisse decreased their price target on shares of Werner Enterprises from $29.00 to $28.00 in a research note on Thursday, October 8th. Zacks Investment Research raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, October 22nd. Robert W. Baird decreased their price target on shares of Werner Enterprises from $31.00 to $29.00 in a research note on Tuesday, October 13th. Finally, Citigroup Inc. decreased their price target on shares of Werner Enterprises from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.15.

Shares of Werner Enterprises (NASDAQ:WERN) traded up 5.83% during trading on Friday, hitting $24.15. The stock had a trading volume of 1,610,299 shares. Werner Enterprises has a 52-week low of $20.91 and a 52-week high of $33.42. The stock has a 50 day moving average of $23.03 and a 200 day moving average of $26.07. The firm has a market cap of $1.74 billion and a PE ratio of 14.16.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, January 28th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.05. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm had revenue of $528.75 million for the quarter, compared to analysts’ expectations of $547.55 million. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts anticipate that Werner Enterprises will post $1.73 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 19th. Stockholders of record on Monday, January 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date of this dividend was Wednesday, December 30th.

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. The Company also provides logistics services through its Value Added Services (NASDAQ:WERN) division. The Company operates through two segments: Truckload Transportation Services (Truckload) and VAS. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Company’s VAS segment is a non-asset-based transportation and logistics provider. The Company has a fleet of approximately 7,050 trucks, of which approximately 6,400 were company-operated and approximately 650 were owned and operated by independent contractors. Its VAS division operates approximately 55 intermodal drayage trucks.

12 Month Chart for NASDAQ:WERN

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