Schneider National Inc (NASDAQ:SNDR) insider Steven J. Matheys sold 62,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total value of $1,512,500.00. Following the sale, the insider now owns 816,014 shares in the company, valued at $19,747,538.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Schneider National Inc (NASDAQ SNDR) opened at $24.57 on Tuesday. Schneider National Inc has a 1-year low of $17.69 and a 1-year high of $28.32.
Schneider National (NASDAQ:SNDR) last posted its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Schneider National had a net margin of 4.32% and a return on equity of 13.37%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.81%.
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A number of brokerages recently weighed in on SNDR. Morgan Stanley raised their price target on shares of Schneider National from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. BidaskClub lowered shares of Schneider National from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. UBS AG reaffirmed a “buy” rating and issued a $30.00 price target (up from $24.00) on shares of Schneider National in a research note on Friday, September 29th. Zacks Investment Research raised shares of Schneider National from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, KeyCorp assumed coverage on shares of Schneider National in a research note on Tuesday, October 10th. They issued a “sector weight” rating on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $25.11.
A number of institutional investors have recently bought and sold shares of the stock. Peregrine Capital Management LLC acquired a new position in shares of Schneider National in the second quarter worth $24,299,000. Schmidt P J Investment Management Inc. acquired a new position in shares of Schneider National in the second quarter worth $37,752,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Schneider National in the second quarter worth $766,000. Strs Ohio acquired a new position in shares of Schneider National in the second quarter worth $212,000. Finally, Spark Investment Management LLC acquired a new position in shares of Schneider National in the second quarter worth $872,000.
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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