Insider Buying: Schneider National Inc (SNDR) Director Buys $44,740.00 in Stock
Schneider National Inc (NYSE:SNDR) Director James L. Welch bought 2,000 shares of the stock in a transaction dated Tuesday, November 6th. The stock was bought at an average price of $22.37 per share, with a total value of $44,740.00. Following the purchase, the director now owns 5,472 shares of the company’s stock, valued at approximately $122,408.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE SNDR opened at $22.99 on Friday. Schneider National Inc has a fifty-two week low of $20.14 and a fifty-two week high of $30.52. The company has a quick ratio of 2.27, a current ratio of 2.34 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.32.
Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Schneider National had a return on equity of 12.53% and a net margin of 9.66%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.23 EPS. Schneider National’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts expect that Schneider National Inc will post 1.52 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. grew its stake in Schneider National by 28.0% during the 2nd quarter. Sei Investments Co. now owns 45,586 shares of the company’s stock valued at $1,254,000 after purchasing an additional 9,969 shares in the last quarter. Strs Ohio acquired a new stake in Schneider National during the 2nd quarter valued at approximately $480,000. Chicago Equity Partners LLC acquired a new stake in Schneider National during the 2nd quarter valued at approximately $374,000. Rhumbline Advisers grew its stake in Schneider National by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 43,318 shares of the company’s stock valued at $1,192,000 after purchasing an additional 3,657 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Schneider National by 4.4% during the 2nd quarter. Macquarie Group Ltd. now owns 99,330 shares of the company’s stock valued at $2,732,000 after purchasing an additional 4,204 shares in the last quarter. Hedge funds and other institutional investors own 24.71% of the company’s stock.
A number of equities research analysts have recently issued reports on SNDR shares. Morgan Stanley increased their target price on Schneider National from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Stifel Nicolaus increased their target price on Schneider National from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, August 6th. Bank of America lowered Schneider National from a “buy” rating to an “underperform” rating and lowered their target price for the company from $35.00 to $27.00 in a research note on Thursday, August 9th. Zacks Investment Research lowered Schneider National from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, Wolfe Research lowered Schneider National from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Schneider National presently has an average rating of “Hold” and an average target price of $29.00.
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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.
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