Key Points
- CFO Darrell George Campbell sold 6,000 shares of Schneider National at an average price of $28.89 for total proceeds of $173,340, cutting his stake by 8.3% to 66,275 shares (about $1.91M).
- Schneider launched a $150 million share buyback (up to ~2.9% of shares) and declared a quarterly dividend of $0.10 (annualized $0.40, ~1.4% yield) with an ex-dividend date of March 13.
- Recent quarterly results missed expectations, with EPS of $0.13 versus $0.21 expected and revenue of $1.25B versus $1.45B estimated, and analysts currently rate the stock at a consensus "Hold" with a $28.43 target.
Schneider National, Inc. (NYSE:SNDR - Get Free Report) CFO Darrell George Campbell sold 6,000 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total transaction of $173,340.00. Following the transaction, the chief financial officer owned 66,275 shares of the company's stock, valued at approximately $1,914,684.75. The trade was a 8.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Schneider National Stock Performance
Shares of SNDR stock opened at $29.36 on Friday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 49.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. Schneider National, Inc. has a one year low of $20.11 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.93 and a current ratio of 2.23. The company has a 50 day moving average price of $28.53 and a 200 day moving average price of $25.10.
Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. Sell-side analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current year.
Schneider National announced that its board has initiated a share buyback plan on Wednesday, January 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
Schneider National Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, March 13th. This is a positive change from Schneider National's previous quarterly dividend of $0.10. Schneider National's payout ratio is presently 67.80%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Schneider National during the fourth quarter worth $29,469,000. Balyasny Asset Management L.P. bought a new position in Schneider National in the second quarter valued at about $26,393,000. Bank of New York Mellon Corp increased its position in Schneider National by 145.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,816,087 shares of the company's stock worth $48,181,000 after purchasing an additional 1,076,184 shares during the period. AQR Capital Management LLC raised its holdings in Schneider National by 64.9% during the 4th quarter. AQR Capital Management LLC now owns 2,077,455 shares of the company's stock worth $55,115,000 after purchasing an additional 817,259 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in Schneider National by 396.1% during the 3rd quarter. Gotham Asset Management LLC now owns 855,802 shares of the company's stock worth $18,109,000 after purchasing an additional 683,298 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on SNDR shares. Susquehanna upped their target price on Schneider National from $19.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, January 8th. Stifel Nicolaus downgraded shares of Schneider National from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $32.00 to $26.00 in a report on Tuesday, February 3rd. Citigroup lowered shares of Schneider National from a "neutral" rating to a "sell" rating and set a $27.00 target price on the stock. in a research report on Friday, February 6th. Evercore raised their price target on shares of Schneider National from $21.00 to $30.00 and gave the stock an "in-line" rating in a research note on Tuesday, January 13th. Finally, National Bank Financial set a $27.00 price objective on Schneider National in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $28.43.
Get Our Latest Analysis on Schneider National
About Schneider National
(
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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.
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