Vanguard Group Inc. Decreases Stock Position in Schneider National, Inc. $SNDR

Vanguard Group Inc. trimmed its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,523,127 shares of the company’s stock after selling 32,587 shares during the quarter. Vanguard Group Inc.’s holdings in Schneider National were worth $95,709,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Blueprint Financial Advisors LLC purchased a new stake in shares of Schneider National during the second quarter worth approximately $4,722,000. Y Intercept Hong Kong Ltd purchased a new position in Schneider National in the third quarter worth approximately $1,165,000. Allianz Asset Management GmbH grew its holdings in Schneider National by 29.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 156,712 shares of the company’s stock worth $3,316,000 after acquiring an additional 36,117 shares in the last quarter. American Century Companies Inc. increased its position in shares of Schneider National by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock valued at $72,238,000 after purchasing an additional 386,340 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in shares of Schneider National by 25.9% in the 2nd quarter. Ceredex Value Advisors LLC now owns 535,150 shares of the company’s stock valued at $12,924,000 after purchasing an additional 109,950 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Insider Buying and Selling

In related news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the sale, the chief financial officer owned 66,275 shares in the company, valued at $1,914,684.75. This represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SNDR. Raymond James Financial upgraded shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Wednesday, December 3rd. TD Cowen lowered their price objective on Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Susquehanna increased their price objective on Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Friday, January 9th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Schneider National in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.43.

Schneider National Stock Down 3.2%

SNDR opened at $27.34 on Friday. Schneider National, Inc. has a one year low of $20.11 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The stock has a market capitalization of $4.79 billion, a P/E ratio of 46.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. The business’s 50-day simple moving average is $28.66 and its 200-day simple moving average is $25.31.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $0.20 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National announced that its Board of Directors has approved a share repurchase plan on Wednesday, January 28th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Schneider National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio is presently 64.41%.

Schneider National Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.