Sei Investments Co. Buys New Holdings in Schneider National, Inc. (SNDR)
Sei Investments Co. bought a new position in Schneider National, Inc. (NYSE:SNDR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,000 shares of the company’s stock, valued at approximately $607,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in Schneider National in the 2nd quarter worth $111,000. Meeder Asset Management Inc. acquired a new stake in Schneider National in the 3rd quarter worth $195,000. Legal & General Group Plc acquired a new stake in Schneider National in the 2nd quarter worth $173,000. GSA Capital Partners LLP acquired a new stake in Schneider National in the 2nd quarter worth $201,000. Finally, Strs Ohio acquired a new stake in Schneider National in the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 21.45% of the company’s stock.
Several research firms have issued reports on SNDR. Zacks Investment Research upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley raised their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. KeyCorp began coverage on shares of Schneider National in a research report on Tuesday, October 10th. They issued a “sector weight” rating on the stock. UBS restated a “buy” rating and issued a $30.00 price target (up from $24.00) on shares of Schneider National in a research report on Friday, September 29th. Finally, BidaskClub lowered shares of Schneider National from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Schneider National has an average rating of “Buy” and a consensus price target of $25.11.
In other Schneider National news, EVP Paul J. Kardish sold 85,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $25.12, for a total value of $2,135,200.00. Following the transaction, the executive vice president now directly owns 222,432 shares in the company, valued at $5,587,491.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Steven J. Matheys sold 62,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $1,512,500.00. Following the completion of the transaction, the insider now owns 816,014 shares in the company, valued at $19,747,538.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,258,500 shares of company stock worth $30,533,900.
Shares of Schneider National, Inc. (NYSE SNDR) traded down $0.15 during trading on Monday, hitting $27.02. 322,000 shares of the stock traded hands, compared to its average volume of 682,053. 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, Inc. has a 1-year low of $17.69 and a 1-year high of $28.32.
Schneider National (NYSE:SNDR) last issued its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Schneider National had a net margin of 3.61% and a return on equity of 10.79%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $0.24 earnings per share. Schneider National’s revenue was up 5.5% on a year-over-year basis. research analysts forecast that Schneider National, Inc. will post 0.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 15th will be given 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 dividend yield of 0.74%.
Schneider National Company 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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