Werner Enterprises Sees Unusually High Options Volume (NASDAQ:WERN)

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Werner Enterprises, Inc. (NASDAQ:WERN) was the target of some unusual options trading activity on Thursday. Investors acquired 1,903 call options on the company. This is an increase of approximately 3,491% compared to the average daily volume of 53 call options.

A number of brokerages recently weighed in on WERN. Zacks Investment Research downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. BidaskClub downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, June 5th. ValuEngine raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Buckingham Research lowered their price objective on shares of Werner Enterprises from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Finally, Cowen reaffirmed a “market perform” rating and set a $36.00 price objective (up previously from $35.00) on shares of Werner Enterprises in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.54.

NASDAQ WERN opened at $30.54 on Friday. Werner Enterprises has a 52 week low of $27.27 and a 52 week high of $42.80. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.90 and a beta of 1.20.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Werner Enterprises had a net margin of 7.08% and a return on equity of 14.56%. The firm had revenue of $596.10 million during the quarter, compared to analysts’ expectations of $620.14 million. During the same quarter in the prior year, the firm earned $0.38 EPS. Werner Enterprises’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Werner Enterprises will post 2.64 earnings per share for the current year.

The company also recently announced a None dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a $3.75 dividend. The ex-dividend date was Thursday, May 23rd. Werner Enterprises’s dividend payout ratio (DPR) is 15.13%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coastal Investment Advisors Inc. bought a new position in Werner Enterprises in the 1st quarter worth about $32,000. Motco bought a new position in Werner Enterprises in the 1st quarter worth about $33,000. NumerixS Investment Technologies Inc grew its position in Werner Enterprises by 150.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the transportation company’s stock worth $30,000 after purchasing an additional 600 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Werner Enterprises by 81.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,262 shares of the transportation company’s stock worth $37,000 after purchasing an additional 567 shares during the last quarter. Finally, Zions Bancorporation N.A. bought a new position in Werner Enterprises in the 1st quarter worth about $58,000. Hedge funds and other institutional investors own 66.80% of the company’s stock.

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About Werner Enterprises

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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