WERNER ENTERPRISES, INC.
At today's price, WERNER ENTERPRISES, INC. (WERN) is priced for -3.0% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• The counterintuitive number is the margin: Werner earned an adjusted operating margin of just 1.5% in the first quarter of 2026, near the bottom of a multi-year freight downturn, yet revenue still grew 14% to $808.6 million [Source: Q1 2026 earnings release, May 2026], a sign the company is gaining share while the cycle is against it. • The biggest risk is the cycle itself: trucking earnings are deeply cyclical, and the company's own filings describe a prolonged weak freight market that pushed
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230 institutional managers reported holding WERN in 13F filings for the quarter ended 2026-03-31. 44 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 3.5M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (4.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WERN has cut its share count 11.8% over the past five years, spending $331.96M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $0.56 a share annually. Cash returned over the past three years: $95.28M in dividends and $122.62M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at WERN over the trailing three years: 2024: 1 buy totaling $4k; 2025: 56 buys totaling $188k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WERN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | -1.3% | -12.9% |
| 2023-11-09 | +0.5% | +10.9% |
| 2024-02-27 | -3.2% | -15.5% |
| 2024-05-10 | +1.3% | -3.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WERN's latest 8-K filings: 2026-06-10 (items 1.01, 2.03, 9.01); 2026-05-13 (items 5.02, 5.07, 9.01); 2026-05-11 (items 7.01, 9.01); 2026-04-28 (items 2.02, 9.01); 2026-02-18 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.