Wells Fargo & Company MN Cuts Position in Schneider National, Inc. (NYSE:SNDR)

Wells Fargo & Company MN cut its stake in Schneider National, Inc. (NYSE:SNDRFree Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,828 shares of the company’s stock after selling 16,468 shares during the quarter. Wells Fargo & Company MN’s holdings in Schneider National were worth $6,867,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in Schneider National during the 4th quarter valued at about $1,339,000. Ceredex Value Advisors LLC increased its position in Schneider National by 40.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company’s stock valued at $17,635,000 after buying an additional 197,750 shares in the last quarter. UBS Group AG increased its position in Schneider National by 360.1% during the 3rd quarter. UBS Group AG now owns 202,486 shares of the company’s stock valued at $5,607,000 after buying an additional 158,474 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Schneider National during the 4th quarter valued at about $12,547,000. Finally, QRG Capital Management Inc. acquired a new position in Schneider National during the 3rd quarter valued at about $2,615,000. 28.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNDR has been the topic of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 target price on shares of Schneider National in a research report on Wednesday, May 15th. Benchmark reiterated a “buy” rating and set a $27.00 price target on shares of Schneider National in a research note on Friday, May 3rd. Raymond James began coverage on Schneider National in a research note on Wednesday, May 15th. They set a “market perform” rating on the stock. Robert W. Baird dropped their price target on Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Finally, Bank of America dropped their price target on Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.00.

Read Our Latest Stock Analysis on SNDR

Schneider National Stock Up 0.6 %

Shares of SNDR opened at $22.65 on Friday. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $31.74. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.00 and a beta of 0.86. The stock’s 50-day moving average price is $21.96 and its 200-day moving average price is $23.21.

Schneider National (NYSE:SNDRGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, sell-side analysts predict that Schneider National, Inc. will post 0.89 EPS for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.68%. Schneider National’s payout ratio is currently 43.18%.

Schneider National Profile

(Free Report)

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.

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

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