SG Americas Securities LLC Reduces Position in Schneider National, Inc. (NYSE:SNDR)

SG Americas Securities LLC cut its position in Schneider National, Inc. (NYSE:SNDRGet Rating) by 74.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,658 shares of the company’s stock after selling 91,421 shares during the period. SG Americas Securities LLC’s holdings in Schneider National were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SNDR. International Assets Investment Management LLC purchased a new stake in shares of Schneider National in the 4th quarter valued at approximately $206,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Schneider National in the 4th quarter valued at $16,678,000. Commonwealth Equity Services LLC purchased a new position in shares of Schneider National in the 4th quarter valued at $289,000. Dupont Capital Management Corp grew its position in shares of Schneider National by 50.8% in the 4th quarter. Dupont Capital Management Corp now owns 32,927 shares of the company’s stock valued at $886,000 after buying an additional 11,086 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Schneider National in the 4th quarter valued at $3,181,000. 71.56% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Down 2.2 %

SNDR stock opened at $24.77 on Tuesday. Schneider National, Inc. has a one year low of $20.69 and a one year high of $27.50. The stock has a market capitalization of $4.41 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.00. The company has a fifty day moving average of $23.25 and a 200-day moving average of $24.25.

Schneider National (NYSE:SNDRGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Schneider National had a net margin of 7.30% and a return on equity of 19.34%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business earned $0.60 EPS. The business’s revenue was up 28.4% on a year-over-year basis. As a group, analysts expect that Schneider National, Inc. will post 2.67 EPS for the current year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Investors of record on Friday, September 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, September 8th. Schneider National’s dividend payout ratio (DPR) is 12.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of Schneider National in a research report on Monday, June 27th. They issued an “outperform” rating and a $32.00 target price on the stock. KeyCorp dropped their target price on shares of Schneider National from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, April 11th. Bank of America downgraded shares of Schneider National from a “buy” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research report on Friday, April 8th. Citigroup set a $26.00 price objective on shares of Schneider National in a research report on Tuesday, July 19th. Finally, Evercore ISI lowered their price objective on shares of Schneider National from $29.00 to $27.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.92.

About Schneider National

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Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.

Further Reading

Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

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