Vanguard Group Inc. lessened its position in shares of Schneider National, Inc. (NYSE:SNDR – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,504,830 shares of the company’s stock after selling 18,297 shares during the period. Vanguard Group Inc. owned approximately 2.57% of Schneider National worth $119,513,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in Schneider National during the third quarter worth $1,165,000. Allianz Asset Management GmbH boosted its stake in Schneider National by 29.9% in the third quarter. Allianz Asset Management GmbH now owns 156,712 shares of the company’s stock valued at $3,316,000 after buying an additional 36,117 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Schneider National in the third quarter valued at about $1,815,000. Public Sector Pension Investment Board grew its position in Schneider National by 21.4% in the third quarter. Public Sector Pension Investment Board now owns 194,247 shares of the company’s stock valued at $4,110,000 after acquiring an additional 34,214 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its stake in Schneider National by 15.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,825,534 shares of the company’s stock worth $48,431,000 after acquiring an additional 249,258 shares in the last quarter. 28.54% of the stock is owned by institutional investors.
Schneider National Stock Performance
NYSE:SNDR opened at $28.96 on Wednesday. The stock’s 50-day moving average is $27.52 and its 200-day moving average is $26.68. Schneider National, Inc. has a 1-year low of $20.11 and a 1-year high of $33.34. The company has a current ratio of 1.95, a quick ratio of 1.83 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.07 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 0.83 and a beta of 1.14.
Schneider National announced that its board has authorized a share repurchase plan on Wednesday, January 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
Schneider National Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Schneider National’s payout ratio is currently 71.43%.
Insiders Place Their Bets
In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. Following the sale, the chief financial officer owned 66,275 shares in the company, valued at approximately $1,914,684.75. The trade was a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Magnin Shelly A. Dumas sold 2,425 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $30.90, for a total value of $74,932.50. Following the completion of the sale, the vice president directly owned 24,697 shares of the company’s stock, valued at approximately $763,137.30. The trade was a 8.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 23.64% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SNDR. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $26.00 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of Schneider National from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Schneider National from $25.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Susquehanna boosted their target price on shares of Schneider National from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Schneider National from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.64.
Read Our Latest Research Report on SNDR
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.
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