Schneider National Inc (NASDAQ:SNDR) CFO Lori A. Lutey sold 55,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $24.20, for a total value of $1,331,000.00. Following the completion of the sale, the chief financial officer now directly owns 605,996 shares of the company’s stock, valued at $14,665,103.20. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Schneider National Inc (SNDR) opened at $24.57 on Tuesday. Schneider National Inc has a fifty-two week low of $17.69 and a fifty-two week high of $28.32.
Schneider National (NASDAQ:SNDR) last released its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Schneider National had a net margin of 4.32% and a return on equity of 13.37%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, December 14th.
Several brokerages recently issued reports on SNDR. BidaskClub downgraded Schneider National from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Buckingham Research started coverage on Schneider National in a research note on Friday, October 20th. They set a “buy” rating and a $29.00 price target for the company. Morgan Stanley raised their price target on Schneider National from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. UBS AG reaffirmed a “buy” rating and set a $30.00 price target (up from $24.00) on shares of Schneider National in a research note on Friday, September 29th. Finally, KeyCorp started coverage on Schneider National in a research note on Tuesday, October 10th. They set a “sector weight” rating for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.11.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new stake in shares of Schneider National during the 2nd quarter worth approximately $1,935,000. State of Wisconsin Investment Board acquired a new stake in shares of Schneider National during the 2nd quarter worth approximately $1,591,000. Schmidt P J Investment Management Inc. acquired a new stake in shares of Schneider National during the 2nd quarter worth approximately $37,752,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Schneider National during the 3rd quarter worth approximately $3,807,000. Finally, Stifel Financial Corp acquired a new stake in shares of Schneider National during the 2nd quarter worth approximately $2,489,000.
Schneider National Company Profile
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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