Schneider National, Inc. (NYSE:SNDR) EVP Sells $603,461.36 in Stock

Schneider National, Inc. (NYSE:SNDR) EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the sale, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. The trade was a 21.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Schneider National Stock Down 1.5 %

Shares of NYSE:SNDR traded down $0.50 during mid-day trading on Monday, hitting $33.11. 1,279,951 shares of the company traded hands, compared to its average volume of 827,441. The firm has a market cap of $5.80 billion, a P/E ratio of 53.40, a PEG ratio of 2.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $33.90. The firm’s 50 day simple moving average is $29.26 and its 200 day simple moving average is $26.44.

Schneider National (NYSE:SNDR) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.33 billion. On average, equities analysts anticipate that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a yield of 1.15%. Schneider National’s dividend payout ratio is presently 61.29%.

Institutional Investors Weigh In On Schneider National

Several hedge funds and other institutional investors have recently bought and sold shares of SNDR. Deprince Race & Zollo Inc. purchased a new stake in Schneider National during the 2nd quarter worth approximately $30,072,000. State Street Corp increased its holdings in Schneider National by 75.4% during the 3rd 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 stake in Schneider National during the 2nd quarter worth approximately $15,216,000. Encompass Capital Advisors LLC purchased a new stake in Schneider National during the 2nd quarter worth approximately $12,376,000. Finally, Earnest Partners LLC increased its holdings in Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after purchasing an additional 440,545 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SNDR. Benchmark raised their price target on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Stifel Nicolaus raised their price target on Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group decreased their price target 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. Finally, Susquehanna reduced their price objective on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.08.

About Schneider National

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.