Schneider National, Inc. (NYSE:SNDR) CFO Lori A. Lutey sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.20, for a total value of $1,331,000.00. Following the completion of the transaction, the chief financial officer now owns 605,996 shares in the company, valued at approximately $14,665,103.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Schneider National, Inc. (NYSE:SNDR) opened at $24.62 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 1.93 and a debt-to-equity ratio of 0.26. Schneider National, Inc. has a 12-month low of $17.69 and a 12-month high of $28.32.
Schneider National (NYSE:SNDR) last issued its quarterly earnings data 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). Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $0.24 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. sell-side analysts predict that Schneider National, Inc. will post 0.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.81%.
Several hedge funds have recently modified their holdings of SNDR. Peregrine Capital Management LLC purchased a new stake in shares of Schneider National in the second quarter worth $24,299,000. Schmidt P J Investment Management Inc. purchased a new stake in shares of Schneider National in the second quarter worth $37,752,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Schneider National in the second quarter worth $766,000. Strs Ohio purchased a new stake in shares of Schneider National in the second quarter worth $212,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Schneider National in the second quarter worth $872,000. Institutional investors own 22.88% of the company’s stock.
Several research firms have issued reports on SNDR. Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub upgraded Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. UBS AG restated a “buy” rating and set a $30.00 target price (up previously from $24.00) on shares of Schneider National in a research report on Friday, September 29th. Robert W. Baird restated a “buy” rating and set a $28.00 target price on shares of Schneider National in a research report on Friday, October 6th. Finally, KeyCorp began coverage on Schneider National in a research report on Tuesday, October 10th. They set a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $25.11.
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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