Insider Selling: Schneider National Inc (SNDR) COO Sells 200,000 Shares of Stock
Schneider National Inc (NASDAQ:SNDR) COO Mark B. Rourke sold 200,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $4,840,000.00. Following the transaction, the chief operating officer now owns 657,194 shares in the company, valued at $15,904,094.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Schneider National Inc (NASDAQ:SNDR) traded down $0.38 during trading hours on Monday, hitting $24.44. 375,618 shares of the company were exchanged, compared to its average volume of 682,244. Schneider National Inc has a 1-year low of $17.69 and a 1-year high of $28.32.
Schneider National (NASDAQ:SNDR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm 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 revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share.
The company also recently declared 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 0.82%.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new stake in Schneider National during the 2nd quarter worth approximately $111,000. Legal & General Group Plc bought a new stake in Schneider National during the 2nd quarter worth approximately $173,000. Pacer Advisors Inc. bought a new stake in Schneider National during the 3rd quarter worth approximately $182,000. Meeder Asset Management Inc. bought a new stake in Schneider National during the 3rd quarter worth approximately $195,000. Finally, GSA Capital Partners LLP bought a new stake in Schneider National during the 2nd quarter worth approximately $201,000.
A number of research analysts have issued reports on SNDR shares. Buckingham Research started coverage on shares of Schneider National in a research report on Friday, October 20th. They set a “buy” rating and a $29.00 target price on the stock. BidaskClub upgraded shares of Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Robert W. Baird reiterated a “buy” rating and issued a $28.00 price target on shares of Schneider National in a research report on Friday, October 6th. Finally, UBS AG reiterated a “buy” rating and issued a $30.00 price target (up from $24.00) on shares of Schneider National in a research report on Friday, September 29th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.11.
About Schneider National
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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