Schneider National, Inc. (NYSE:SNDR) Insider Sells $290,400.00 in Stock

Schneider National, Inc. (NYSE:SNDR) insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the transaction, the insider now owns 95,191 shares of the company’s stock, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Schneider National Price Performance

Shares of NYSE:SNDR opened at $29.54 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.17 billion, a PE ratio of 47.65, a PEG ratio of 3.24 and a beta of 0.90. The company’s fifty day moving average is $30.40 and its 200 day moving average is $27.58. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $33.90.

Schneider National (NYSE:SNDR) last released its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Research analysts anticipate that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, December 13th. Schneider National’s payout ratio is 61.29%.

Institutional Investors Weigh In On Schneider National

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNDR. Deprince Race & Zollo Inc. bought a new stake in Schneider National in the 2nd quarter worth $30,072,000. State Street Corp grew its stake in shares of Schneider National by 75.4% in the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after purchasing an additional 743,800 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Schneider National during the 2nd quarter valued at about $15,216,000. Encompass Capital Advisors LLC bought a new position in Schneider National during the 2nd quarter valued at approximately $12,376,000. Finally, Earnest Partners LLC lifted its holdings in Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after buying an additional 440,545 shares during the period. 28.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SNDR. Evercore ISI cut their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. The Goldman Sachs Group decreased their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Benchmark lifted their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Bank of America raised their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.08.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.