Schneider National (NYSE:SNDR) Shares Gap Down – Time to Sell?

Schneider National, Inc. (NYSE:SNDR) shares gapped down before the market opened on Friday . The stock had previously closed at $30.73, but opened at $30.03. Schneider National shares last traded at $29.96, with a volume of 48,446 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNDR. Bank of America upped their price target on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lowered their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. TD Cowen raised their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price objective on Schneider National from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.15.

Schneider National Trading Down 3.2 %

The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 47.97, a P/E/G ratio of 1.76 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The business has a fifty day moving average price of $30.61 and a 200 day moving average price of $28.28.

Schneider National (NYSE:SNDR) last announced its quarterly 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). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. As a group, equities analysts forecast that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, December 13th. Schneider National’s payout ratio is currently 61.29%.

Insider Activity

In other Schneider National news, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the transaction, the chief operating officer now owns 266,887 shares of the company’s stock, valued at approximately $8,833,959.70. This trade represents a 10.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas G. Jackson sold 18,248 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the sale, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,555 shares of company stock valued at $2,153,011. 18.83% of the stock is currently owned by company insiders.

Institutional Trading of Schneider National

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Schneider National by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock valued at $342,000 after buying an additional 493 shares during the period. Susquehanna Fundamental Investments LLC increased its position in Schneider National by 1.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock worth $1,847,000 after purchasing an additional 1,341 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Schneider National by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company’s stock worth $3,280,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Schneider National by 11.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the company’s stock worth $417,000 after buying an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.