State of Alaska Department of Revenue reduced its holdings in shares of Schneider National, Inc. (NYSE:SNDR – Get Rating) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 277,313 shares of the company’s stock after selling 21,271 shares during the period. State of Alaska Department of Revenue owned about 0.16% of Schneider National worth $6,206,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Schneider National by 36.5% in the 1st quarter. Bank of America Corp DE now owns 545,955 shares of the company’s stock worth $13,921,000 after purchasing an additional 145,979 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its holdings in Schneider National by 9.9% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 85,982 shares of the company’s stock valued at $2,193,000 after purchasing an additional 7,756 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Schneider National by 17.3% in the first quarter. BNP Paribas Arbitrage SA now owns 171,036 shares of the company’s stock valued at $4,361,000 after buying an additional 25,168 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in Schneider National during the first quarter worth about $765,000. Finally, Jane Street Group LLC acquired a new stake in shares of Schneider National during the first quarter worth approximately $1,282,000. 27.72% of the stock is currently owned by institutional investors and hedge funds.
Schneider National Stock Performance
Shares of Schneider National stock opened at $21.51 on Tuesday. The firm has a fifty day moving average of $23.66 and a two-hundred day moving average of $23.67. 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 stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.04 and a beta of 1.01. Schneider National, Inc. has a 52 week low of $20.69 and a 52 week high of $27.50.
Schneider National Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Investors of record on Friday, September 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 8th. Schneider National’s dividend payout ratio is currently 12.21%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Evercore ISI upgraded Schneider National from an “in-line” rating to an “outperform” rating and set a $28.00 price objective for the company in a research report on Monday, August 22nd. Credit Suisse Group began coverage on shares of Schneider National in a report on Monday, June 27th. They set an “outperform” rating and a $32.00 price objective on the stock. Finally, Citigroup set a $26.00 target price on shares of Schneider National in a research report on Tuesday, July 19th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.73.
Schneider National Profile
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.
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