GAMMA Investing LLC boosted its holdings in Schneider National, Inc. (NYSE:SNDR – Free Report) by 52.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,306 shares of the company’s stock after acquiring an additional 450 shares during the quarter. GAMMA Investing LLC’s holdings in Schneider National were worth $38,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new stake in Schneider National during the 3rd quarter valued at $6,327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Schneider National by 15.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock worth $3,724,000 after acquiring an additional 17,573 shares during the period. Geode Capital Management LLC increased its stake in Schneider National by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after buying an additional 115,814 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in Schneider National during the 3rd quarter valued at approximately $9,157,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Schneider National in the third quarter valued at $648,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Bank of America raised their price objective on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Susquehanna dropped their price target on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Benchmark raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI decreased their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group reduced their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.08.
Insiders Place Their Bets
In related news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the sale, the insider now directly owns 95,191 shares in the company, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas G. Jackson sold 18,248 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the sale, the executive vice president now owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,555 shares of company stock valued at $2,153,011. 32.68% of the stock is currently owned by corporate insiders.
Schneider National Price Performance
Shares of Schneider National stock opened at $29.26 on Wednesday. The firm has a market cap of $5.13 billion, a P/E ratio of 47.19, a price-to-earnings-growth ratio of 3.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $33.90. The firm’s 50-day simple moving average is $30.63 and its 200-day simple moving average is $28.14.
Schneider National (NYSE:SNDR – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. As a group, research analysts expect that Schneider National, Inc. will post 0.7 EPS for the current fiscal year.
Schneider National Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, December 13th. Schneider National’s payout ratio is presently 61.29%.
Schneider National Company Profile
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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