GREEN BAY, WI—Robert M. Reich Jr., Executive Vice President and Chief Accounting Officer at Schneider National, Inc. (NYSE:SNDR), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On December 4, Reich sold a total of 6,250 shares of Schneider National's Class B Common Stock, generating approximately $198,035. The shares were sold at prices ranging from $31.5903 to $31.7512. The transaction comes as Schneider's stock has shown remarkable strength, with a 40% surge over the past six months and trading near its Fair Value according to InvestingPro analysis.
In addition to the sales, Reich acquired 6,250 shares through stock option exercises at prices between $18.99 and $20.04, with a total value of $121,358. These transactions reflect Reich's ongoing management of his holdings in the company. Following these transactions, Reich's direct ownership stands at 155,366 shares. The $5.56 billion transportation company maintains strong financial health with a current ratio of 1.66 and moderate debt levels. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Schneider National has seen a series of stock target revisions and ratings adjustments. Financial analyst firm, Benchmark, raised Schneider's stock price target to $34.00, maintaining a Buy rating, based on a moderated outlook for margin recovery. The firm's analysis suggests gradual improvements in Schneider's Truckload contract pricing and margins into 2025, despite current margins falling short of long-term goals.
Simultaneously, Schneider's recent acquisition of Cowan Systems for $390 million has been received positively by several analyst firms. TD Cowen revised its stock price target for Schneider to $34.00, citing Cowan's potential to enhance Schneider's financial performance in the coming years. BofA Securities also raised its stock price targets for the company to $34.00, while Evercore ISI reduced its target from $27.00 to $26.00.
Recent earnings reports show Schneider maintaining steady revenues of $1.2 billion, with a slight dip in adjusted diluted earnings per share from $0.20 to $0.18. Schneider National anticipates a stronger fourth quarter, predicting improved market conditions and seasonal effects. These are the recent developments for Schneider National.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.