Insider Selling: Schneider National Inc (SNDR) COO Sells 30,000 Shares of Stock
Schneider National Inc (NYSE:SNDR) COO Mark B. Rourke sold 30,000 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $27.50, for a total transaction of $825,000.00. Following the sale, the chief operating officer now directly owns 608,291 shares in the company, valued at $16,728,002.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Schneider National stock opened at $27.30 on Thursday. The stock has a market capitalization of $4.71 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.35 and a beta of 0.88. Schneider National Inc has a twelve month low of $22.75 and a twelve month high of $30.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.27 and a current ratio of 2.41.
Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. Schneider National had a net margin of 9.28% and a return on equity of 11.61%. Schneider National’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. sell-side analysts forecast that Schneider National Inc will post 1.52 EPS for the current year.
Several equities research analysts have recently issued reports on SNDR shares. Stifel Nicolaus started coverage on shares of Schneider National in a research note on Friday, June 29th. They set a “hold” rating and a $29.00 target price on the stock. ValuEngine lowered shares of Schneider National from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Morgan Stanley increased their target price on shares of Schneider National from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Bank of America lowered shares of Schneider National from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $35.00 to $27.00 in a research note on Thursday, August 9th. Finally, Zacks Investment Research lowered shares of Schneider National from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Schneider National presently has a consensus rating of “Hold” and a consensus price target of $30.67.
A number of institutional investors have recently modified their holdings of SNDR. Ceredex Value Advisors LLC purchased a new position in Schneider National in the 1st quarter valued at about $44,209,000. Scopus Asset Management L.P. purchased a new position in Schneider National in the 2nd quarter valued at about $37,137,000. Millennium Management LLC purchased a new position in Schneider National in the 1st quarter valued at about $21,517,000. Morgan Stanley lifted its stake in Schneider National by 20.2% in the 2nd quarter. Morgan Stanley now owns 3,728,025 shares of the company’s stock valued at $102,558,000 after buying an additional 626,317 shares in the last quarter. Finally, Copper Rock Capital Partners LLC lifted its stake in Schneider National by 39.3% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 1,202,804 shares of the company’s stock valued at $32,620,000 after buying an additional 339,261 shares in the last quarter. 24.09% of the stock is currently owned by hedge funds and other institutional investors.
Schneider National Company Profile
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
Recommended Story: Google Finance Portfolio Workaround
Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter.