Schneider National Inc (SNDR) COO Mark B. Rourke Sells 200,000 Shares of Stock
Schneider National Inc (NASDAQ:SNDR) COO Mark B. Rourke sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total transaction of $4,840,000.00. Following the sale, the chief operating officer now directly owns 657,194 shares in the company, valued at $15,904,094.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Schneider National Inc (NASDAQ:SNDR) opened at $24.57 on Tuesday. Schneider National Inc has a 12 month low of $17.69 and a 12 month high of $28.32.
Schneider National (NASDAQ:SNDR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Schneider National had a net margin of 4.32% and a return on equity of 13.37%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, December 14th.
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A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Schneider National from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. BidaskClub lowered shares of Schneider National from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Buckingham Research assumed coverage on shares of Schneider National in a report on Friday, October 20th. They set a “buy” rating and a $29.00 target price on the stock. KeyCorp assumed coverage on shares of Schneider National in a report on Tuesday, October 10th. They set a “sector weight” rating on the stock. Finally, Robert W. Baird reissued a “buy” rating and set a $28.00 target price on shares of Schneider National in a report on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Schneider National presently has an average rating of “Buy” and a consensus target price of $25.11.
Several large investors have recently bought and sold shares of SNDR. Peregrine Capital Management LLC bought a new stake in shares of Schneider National in the 2nd quarter valued at $24,299,000. Schmidt P J Investment Management Inc. bought a new position in Schneider National during the second quarter worth $37,752,000. Quantitative Systematic Strategies LLC bought a new position in Schneider National during the second quarter worth $766,000. Strs Ohio bought a new position in Schneider National during the second quarter worth $212,000. Finally, Spark Investment Management LLC bought a new position in Schneider National during the second quarter worth $872,000.
About Schneider National
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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