Lori A. Lutey Sells 55,000 Shares of Schneider National Inc (SNDR) Stock
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 transaction of $1,331,000.00. Following the transaction, the chief financial officer now directly owns 605,996 shares of the company’s stock, valued at $14,665,103.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Schneider National Inc (NASDAQ SNDR) traded down $0.38 on Monday, reaching $24.44. 375,618 shares of the company’s stock traded hands, compared to its average volume of 682,244. Schneider National Inc has a one year low of $17.69 and a one year high of $28.32.
Schneider National (NASDAQ:SNDR) last issued its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.82%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its position in Schneider National by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 132,862 shares of the company’s stock worth $3,362,000 after buying an additional 7,454 shares during the period. Wells Fargo & Company MN grew its position in Schneider National by 37.7% during the third quarter. Wells Fargo & Company MN now owns 88,383 shares of the company’s stock worth $2,236,000 after buying an additional 24,208 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Schneider National during the third quarter worth about $207,000. Pacer Advisors Inc. acquired a new position in Schneider National during the third quarter worth about $182,000. Finally, 1060 Capital LLC acquired a new position in Schneider National during the third quarter worth about $5,818,000.
SNDR has been the subject of several analyst reports. Zacks Investment Research raised shares of Schneider National from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Buckingham Research initiated coverage on shares of Schneider National in a report on Friday, October 20th. They set a “buy” rating and a $29.00 price target for the company. BidaskClub raised shares of Schneider National from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and set a $28.00 price target on shares of Schneider National in a report on Friday, October 6th. Finally, KeyCorp initiated coverage on shares of Schneider National in a report on Tuesday, October 10th. They set a “sector weight” rating for the company. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average 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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