Insider Selling: Schneider National (NYSE:SNDR) CFO Sells 6,000 Shares of Stock

Schneider National, Inc. (NYSE:SNDR) CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $28.89, for a total transaction of $173,340.00. Following the completion of the sale, the chief financial officer owned 66,275 shares of the company’s stock, valued at $1,914,684.75. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Schneider National Trading Down 0.9%

Schneider National stock traded down $0.25 during midday trading on Friday, reaching $28.77. The stock had a trading volume of 148,761 shares, compared to its average volume of 962,989. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 0.94 and a beta of 1.08. The company has a fifty day moving average of $28.48 and a 200 day moving average of $25.07. Schneider National, Inc. has a 52-week low of $20.11 and a 52-week high of $30.98. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.13.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.Schneider National’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. On average, analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 13th. This is a boost from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Schneider National’s dividend payout ratio (DPR) is currently 64.41%.

Schneider National declared that its board has approved a stock buyback program on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SNDR. Caitong International Asset Management Co. Ltd boosted its holdings in Schneider National by 2,425.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock worth $36,000 after acquiring an additional 1,625 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Schneider National in the 2nd quarter worth approximately $37,000. Global Retirement Partners LLC acquired a new stake in Schneider National in the 4th quarter worth approximately $47,000. Farther Finance Advisors LLC grew its position in Schneider National by 155.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock worth $48,000 after purchasing an additional 1,110 shares during the last quarter. Finally, KBC Group NV increased its stake in Schneider National by 86.3% during the 2nd quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after purchasing an additional 1,061 shares in the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SNDR. National Bank Financial set a $27.00 target price on Schneider National in a report on Friday, February 6th. Evercore lifted their price objective on shares of Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a report on Tuesday, January 13th. Wells Fargo & Company lowered their target price on Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. Bank of America raised Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Schneider National has an average rating of “Hold” and a consensus price target of $28.43.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.