Insider Selling: Schneider National, Inc. (NYSE:SNDR) EVP Sells 36,596 Shares of Stock

Key Points

• Schneider National's EVP Thomas G. Jackson sold 36,596 shares at an average price of $24.36, totaling approximately $891,478, leading to a 33.43% reduction in his holdings.
• The company's stock recently traded at $23.56, reflecting a 1.7% decline, with a market cap of $4.13 billion and a P/E ratio of 33.64.
• Schneider National announced a quarterly dividend of $0.095 per share, representing an annual yield of 1.6%, with payment scheduled for October 9th.

Schneider National, Inc. (NYSE:SNDR - Get Free Report) EVP Thomas G. Jackson sold 36,596 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $24.36, for a total transaction of $891,478.56. Following the completion of the sale, the executive vice president directly owned 72,870 shares of the company's stock, valued at $1,775,113.20. This represents a 33.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Schneider National Stock Down 1.7%

NYSE:SNDR traded down $0.42 during trading hours on Monday, reaching $23.56. The company had a trading volume of 120,628 shares, compared to its average volume of 806,786. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 0.76 and a beta of 1.11. The business's 50-day simple moving average is $24.81 and its two-hundred day simple moving average is $24.67. The company has a quick ratio of 1.77, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm earned $0.21 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Friday, September 12th will be paid a $0.095 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.38 annualized dividend and a dividend yield of 1.6%. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SNDR shares. Evercore ISI cut their price target on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Benchmark cut their price target on shares of Schneider National from $34.00 to $31.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup upped their price objective on shares of Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. UBS Group lowered their price objective on shares of Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America upped their price objective on shares of Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Schneider National currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.29.

Hedge Funds Weigh In On Schneider National

Several large investors have recently modified their holdings of SNDR. Raymond James Financial Inc. bought a new stake in shares of Schneider National in the 4th quarter worth approximately $5,349,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Schneider National by 9.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company's stock worth $408,000 after buying an additional 1,474 shares during the period. Woodline Partners LP bought a new position in Schneider National during the 4th quarter valued at about $8,453,000. New York State Teachers Retirement System lifted its stake in Schneider National by 33.6% during the 1st quarter. New York State Teachers Retirement System now owns 18,447 shares of the company's stock valued at $422,000 after acquiring an additional 4,637 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Schneider National by 1,128.3% in the 1st quarter. GAMMA Investing LLC now owns 16,041 shares of the company's stock worth $367,000 after purchasing an additional 14,735 shares during the period. Hedge funds and other institutional investors own 28.54% of the company's stock.

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.

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