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

Schneider National, Inc. (NYSE:SNDR)’s share price 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 traded.

Analyst Upgrades and Downgrades

SNDR has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Citigroup cut Schneider National from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. Stifel Nicolaus upped their target price on shares of Schneider National from $27.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday. Benchmark lifted their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Bank of America upped their price objective on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.15.

Schneider National Stock Down 3.5 %

The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 47.85, a PEG ratio of 1.76 and a beta of 0.93. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $30.64 and a two-hundred day moving average of $28.21.

Schneider National (NYSE:SNDR) last issued its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. As a group, analysts predict that Schneider National, Inc. will post 0.7 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, December 13th. Schneider National’s dividend payout ratio is presently 61.29%.

Insider Buying and Selling

In other news, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction that occurred on 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 sale, the chief operating officer now owns 266,887 shares in the company, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the transaction, the insider now owns 95,191 shares of the company’s stock, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,555 shares of company stock valued at $2,153,011. Company insiders own 18.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SNDR. GAMMA Investing LLC grew its stake in Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after purchasing an additional 450 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Schneider National by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock worth $342,000 after buying an additional 493 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of Schneider National by 1.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock worth $1,847,000 after buying an additional 1,341 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Schneider National by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company’s stock valued at $3,280,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Schneider National by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the company’s stock valued at $417,000 after acquiring 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.