Werner Enterprises (WERN)
Runs Dedicated and One-Way truckload fleets alongside asset-light logistics services.
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Revenue comes from moving truckload freight through Dedicated and One-Way fleets, supplemented by brokerage, freight management, intermodal and Final Mile services. Dedicated contracts anchor the operating mix following the FirstFleet acquisition, while the network remains exposed to North American freight demand, driver supply and transport regulation.
Moves truckload freight through two segments: Truckload Transportation Services and Werner Logistics. Truckload Transportation Services combines Dedicated fleets assigned to retail distribution centers and manufacturing sites with One-Way Truckload van, expedited, regional and temperature-controlled services. The FirstFleet acquisition expanded Dedicated operations, while One-Way also serves cross-border routes into Mexico.
Werner Logistics supplies truckload brokerage and freight management through contracted carriers, intermodal rail and drayage options, and Final Mile delivery for large or heavy goods. Operations span the contiguous United States, with service into Canada and Mexico. Modern equipment, telematics, driver training and safety systems support capacity planning and delivery execution.
A concentrated customer base, freight demand, driver availability, fuel recovery, safety performance and motor-carrier regulation shape utilization and costs.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Susquehanna | Upgrade | ||
| Jul 30, 2026 | Baird | Upgrade | ||
| Jul 29, 2026 | UBS | Reiterate | Rating: —Target: $37 | Target: $40 |
| Jul 14, 2026 | Susquehanna | Reiterate | Rating: —Target: $47 | Target: $48 |
| Jul 13, 2026 | Stifel Nicolaus | Target | Target: $31 | Target: $40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $57.0M · Total debt $941.9M · Total assets $3.16B · Shareholders' equity $1.36B
- Revenue
- $933.9M
- Operating income
- $16.9M
- Net income
- $6.4M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 115.76% | 69.40M shares | |
|---|---|---|---|
| 278 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 18.23% | 10.93M shares | |
| 21 holders · as of Aug 11, 2026 | |||
| Adds to | 133.99% | ||
59.95M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 133.99%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.36% | 10.41M | as of Jun 30, 2026 |
Gregory L. Werner1Insiderdirector | 8.82% | 5.29M | filed May 8, 2020 |
Gary L. WernerInsider | 7.44% | 4.46M | filed May 4, 2020 |
Dimensional Fund Advisors LPInstitution | 6.40% | 3.84M | as of Jun 30, 2026 |
FMR LLCInstitution | 6.28% | 3.77M | as of Jun 30, 2026 |
- Gregory L. Werner's transaction reports restate only vehicles that traded; the 2020 ownership statement (5.29M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Jim S. Schelble | officer: Exec VP & Chief Admin Officer | −933 | $43.93 |
| Feb 20, 2026 | Eric J. Downing | officer: Exec VP and COO | −1,418 | $34.78 |
| Feb 19, 2026 | Eric J. Downing | officer: Exec VP and COO | −1,428 | $35.00 |
| Jan 6, 2025 | Daragh P. Mahon | officer: Executive Vice President & CIO | +140 | $36.37 |
| Jan 16, 2025 | Daragh P. Mahon | officer: Executive Vice President & CIO | +8 | $36.74 |
- Knight-Swift Transportation
Broad truckload peer across dedicated, logistics, and intermodal
- J.B. Hunt
Scale rival in dedicated, intermodal, brokerage, and final mile
- Schneider National
Direct multimodal peer in truckload, intermodal, and logistics
- Hub Group
Logistics-heavy peer in intermodal, brokerage, dedicated, and final mile
- Heartland Express
Dry-van truckload peer across short and medium-haul lanes
- Marten Transport
Temperature-sensitive truckload peer with dedicated and brokerage overlap
- Covenant Logistics
Expedited and dedicated truckload peer with managed freight overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Werner Enterprises | $34.55 | −1.34% | $2.10B | — | 19.9 | 0.6 | +24.0% |
| Knight-Swift Transportation | $66.79 | +0.25% | $10.84B | 257.9 | 20.1 | 1.4 | +12.6% |
| J.B. Hunt | $236.19 | +0.01% | $22.18B | 33.5 | 27.5 | 1.7 | +19.4% |
| Schneider National | $32.26 | −0.23% | $5.66B | 50.5 | 24.0 | 1.0 | +10.4% |
| Hub Group | $32.31 | +1.98% | $1.92B | — | 39.3 | — | −1.0% |
| Heartland Express | $11.70 | +0.52% | $902.0M | — | 38.2 | 1.2 | −12.5% |
| Marten Transport | $13.32 | +0.75% | $1.08B | 85.2 | 27.0 | 1.3 | −2.8% |
| Covenant Logistics | $34.05 | +0.49% | $852.3M | 338.8 | 15.5 | 0.7 | +9.9% |
| Median | 85.2 | 27.0 | 1.2 | +9.9% |