Allspring Global Investments Holdings LLC Sells 190,408 Shares of Schneider National, Inc. (NYSE:SNDR)

Allspring Global Investments Holdings LLC lowered its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 99.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,449 shares of the company's stock after selling 190,408 shares during the period. Allspring Global Investments Holdings LLC's holdings in Schneider National were worth $41,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Schneider National by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company's stock valued at $91,964,000 after acquiring an additional 388,913 shares during the period. Dimensional Fund Advisors LP raised its stake in Schneider National by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company's stock valued at $96,953,000 after acquiring an additional 228,661 shares during the period. Thrivent Financial for Lutherans raised its stake in Schneider National by 1.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,865,726 shares of the company's stock valued at $69,236,000 after acquiring an additional 30,113 shares during the period. Earnest Partners LLC raised its stake in Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock valued at $52,334,000 after acquiring an additional 440,545 shares during the period. Finally, American Century Companies Inc. raised its stake in Schneider National by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company's stock valued at $46,053,000 after acquiring an additional 186,857 shares during the period. Institutional investors own 28.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on SNDR. Benchmark upped their price objective on Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Stifel Nicolaus lowered Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price objective on the stock. in a report on Thursday, August 8th. JPMorgan Chase & Co. upped their price objective on Schneider National from $24.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Citigroup began coverage on Schneider National in a report on Wednesday, October 9th. They issued a "neutral" rating and a $29.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.08.

Schneider National Price Performance

NYSE:SNDR traded up $1.36 during trading hours on Wednesday, hitting $30.44. The company's stock had a trading volume of 1,190,815 shares, compared to its average volume of 824,301. The stock has a fifty day simple moving average of $27.75 and a 200-day simple moving average of $25.19. The company has a market capitalization of $5.33 billion, a P/E ratio of 45.88, a PEG ratio of 2.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $30.90.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio (DPR) is presently 58.46%.

About Schneider National

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.