Insider Selling: Schneider National, Inc. (SNDR) Insider Sells $1,512,500.00 in Stock
Schneider National, Inc. (NYSE:SNDR) insider Steven J. Matheys sold 62,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.20, for a total value of $1,512,500.00. Following the sale, the insider now directly owns 816,014 shares of the company’s stock, valued at approximately $19,747,538.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Schneider National, Inc. (NYSE SNDR) opened at $24.01 on Thursday. Schneider National, Inc. has a twelve month low of $17.69 and a twelve month high of $28.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.93 and a current ratio of 2.12.
Schneider National (NYSE:SNDR) last posted its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. sell-side analysts predict that Schneider National, Inc. will post 0.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, December 14th.
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SNDR has been the subject of several research reports. KeyCorp reaffirmed a “hold” rating on shares of Schneider National in a report on Monday. Buckingham Research initiated coverage on Schneider National in a report on Friday, October 20th. They set a “buy” rating and a $29.00 price target for the company. BidaskClub raised Schneider National from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Zacks Investment Research raised Schneider National from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. 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. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Schneider National presently has a consensus rating of “Buy” and an average price target of $25.11.
A number of hedge funds have recently bought and sold shares of SNDR. DekaBank Deutsche Girozentrale acquired a new position in Schneider National in the second quarter valued at about $111,000. Legal & General Group Plc acquired a new position in Schneider National in the second quarter valued at about $173,000. Pacer Advisors Inc. acquired a new position in Schneider National in the third quarter valued at about $182,000. Meeder Asset Management Inc. acquired a new position in Schneider National in the third quarter valued at about $195,000. Finally, GSA Capital Partners LLP acquired a new position in Schneider National in the second quarter valued at about $201,000. 22.88% of the stock is owned by institutional investors and hedge funds.
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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