Transportation and Automotive Sector Ideas

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Werner Enterprises - >>> 19 of the Best Stocks You've Never Heard Of


Kiplinger

by Jeff Reeves

6-23-20


https://www.kiplinger.com/slideshow/investing/t052-s001-19-of-the-best-stocks-youve-never-heard-of/index.html



Werner Enterprises


Sector: Industrials
Market value: $3.0 billion
Dividend yield: 0.8%

Werner Enterprises (WERN, $43.46) is one of the five largest freight carriers in the United States, with terminals and routes that weave across every part of the country. Even if many motorists never notice the name on the big rig beside them, Werner has likely been driving on a road near you recently as it actively operates in the 48 contiguous states and portions of Canada and Mexico.

While brick-and-mortar shopping trends have been disrupted in 2020 by coronavirus, the pandemic has also proven the power of logistics companies that power the e-commerce enterprises of the world. After all, if Werner wasn't picking up and dropping off its shipments at warehouses then that Amazon or UPS employee wouldn't have anything to package up and deliver to your front porch.

Strong fundamentals recently have also coincided with a big chance for an evolution at WERN as founder and executive chairman Clarence Werner stepped down at the end of May. The 83-year-old executive, who started the company with one truck back in 1956, surely saw success in his career. But he might not exactly be the leader shareholders were looking for in a modern era with complicated supply chains and talk of self -driving fleets.

Analysts see a lot of hope for continued growth and evolution at WERN, with increased price targets since April from a host of investment banks including Citigroup, Credit Suisse, Morgan Stanley and others.

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