Schneider National Target of Unusually High Options Trading (SNDR)

Schneider National Inc (NYSE:SNDR) was the target of some unusual options trading activity on Thursday. Traders acquired 4,004 put options on the company. This is an increase of approximately 3,382% compared to the average daily volume of 115 put options.

In related news, CEO Christopher B. Lofgren sold 54,005 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $22.02, for a total value of $1,189,190.10. Following the completion of the sale, the chief executive officer now directly owns 1,425,042 shares in the company, valued at $31,379,424.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher B. Lofgren sold 245,995 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $21.52, for a total transaction of $5,293,812.40. Following the completion of the sale, the chief executive officer now owns 1,378,534 shares of the company’s stock, valued at $29,666,051.68. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDR. Bank of New York Mellon Corp grew its stake in Schneider National by 20.0% during the third quarter. Bank of New York Mellon Corp now owns 363,973 shares of the company’s stock worth $9,093,000 after buying an additional 60,536 shares during the period. AQR Capital Management LLC boosted its stake in shares of Schneider National by 20.8% in the third quarter. AQR Capital Management LLC now owns 19,725 shares of the company’s stock valued at $493,000 after purchasing an additional 3,400 shares during the period. Legal & General Group Plc boosted its stake in shares of Schneider National by 189.8% in the third quarter. Legal & General Group Plc now owns 45,888 shares of the company’s stock valued at $1,147,000 after purchasing an additional 30,056 shares during the period. Morgan Stanley boosted its stake in shares of Schneider National by 8.7% in the third quarter. Morgan Stanley now owns 4,051,825 shares of the company’s stock valued at $101,216,000 after purchasing an additional 323,800 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Schneider National by 4.1% in the third quarter. Vanguard Group Inc. now owns 5,371,214 shares of the company’s stock valued at $134,173,000 after purchasing an additional 213,739 shares during the period. Institutional investors own 24.15% of the company’s stock.

SNDR opened at $18.13 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. Schneider National has a 52-week low of $17.56 and a 52-week high of $30.52. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.10). Schneider National had a return on equity of 12.69% and a net margin of 5.13%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Schneider National’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts predict that Schneider National will post 1.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.24 annualized dividend and a yield of 1.32%. Schneider National’s dividend payout ratio is currently 15.48%.

A number of research firms recently issued reports on SNDR. Zacks Investment Research upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Stephens set a $25.00 target price on shares of Schneider National and gave the company a “buy” rating in a report on Friday, May 3rd. ValuEngine downgraded shares of Schneider National from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Buckingham Research lowered their target price on shares of Schneider National from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Finally, Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, February 4th. Three analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Schneider National has a consensus rating of “Hold” and an average price target of $27.20.

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Schneider National Company Profile

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.

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