Schneider National, Inc. (SNDR) Position Increased by State of Wisconsin Investment Board
State of Wisconsin Investment Board increased its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 427.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 375,000 shares of the company’s stock after buying an additional 303,900 shares during the quarter. State of Wisconsin Investment Board owned 0.21% of Schneider National worth $9,487,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in SNDR. DekaBank Deutsche Girozentrale bought a new position in Schneider National in the second quarter valued at about $111,000. Meeder Asset Management Inc. bought a new position in Schneider National in the third quarter valued at about $195,000. Legal & General Group Plc bought a new position in Schneider National in the second quarter valued at about $173,000. GSA Capital Partners LLP bought a new position in Schneider National in the second quarter valued at about $201,000. Finally, Strs Ohio bought a new position in Schneider National in the second quarter valued at about $212,000. Institutional investors and hedge funds own 22.88% of the company’s stock.
In related news, insider Steven J. Matheys sold 62,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total transaction of $1,512,500.00. Following the completion of the sale, the insider now owns 816,014 shares of the company’s stock, valued at $19,747,538.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Gannon sold 256,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total value of $6,195,200.00. Following the sale, the director now directly owns 682,991 shares of the company’s stock, valued at approximately $16,528,382.20. The disclosure for this sale can be found here. Insiders have sold 1,258,500 shares of company stock valued at $30,533,900 in the last ninety days.
Several equities analysts have commented on SNDR shares. Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Buckingham Research assumed coverage on Schneider National in a research report on Friday, October 20th. They set a “buy” rating and a $29.00 price objective for the company. BidaskClub upgraded Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Robert W. Baird restated a “buy” rating and set a $28.00 price objective on shares of Schneider National in a research report on Friday, October 6th. Finally, KeyCorp assumed coverage on Schneider National in a research report on Tuesday, October 10th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.11.
Schneider National, Inc. (SNDR) opened at $24.53 on Friday. Schneider National, Inc. has a 1 year low of $17.69 and a 1 year high of $28.32. The company has a current ratio of 2.12, a quick ratio of 1.93 and a debt-to-equity ratio of 0.26.
Schneider National (NYSE:SNDR) last released its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts anticipate that Schneider National, Inc. will post 0.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.82%.
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Schneider National Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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