Associated Banc Corp Trims Stock Position in Schneider National, Inc. (NYSE:SNDR)

Associated Banc Corp trimmed its holdings in Schneider National, Inc. (NYSE:SNDR - Free Report) by 24.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,055 shares of the company's stock after selling 37,832 shares during the period. Associated Banc Corp owned about 0.07% of Schneider National worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. bought a new position in shares of Schneider National during the third quarter valued at about $6,327,000. Louisiana State Employees Retirement System bought a new position in shares of Schneider National during the third quarter valued at about $648,000. Tidal Investments LLC bought a new position in shares of Schneider National during the first quarter valued at about $468,000. GSA Capital Partners LLP bought a new position in shares of Schneider National during the third quarter valued at about $713,000. Finally, Quadrature Capital Ltd bought a new position in shares of Schneider National during the first quarter valued at about $489,000. 28.54% of the stock is owned by institutional investors.

Schneider National Trading Up 3.9 %

Shares of SNDR traded up $1.26 during mid-day trading on Tuesday, reaching $33.28. The company's stock had a trading volume of 1,339,002 shares, compared to its average volume of 818,402. The stock has a market cap of $5.83 billion, a PE ratio of 53.68, a P/E/G ratio of 3.83 and a beta of 0.85. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $33.47. The company's fifty day moving average price is $28.87 and its two-hundred day moving average price is $26.13.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. On average, analysts predict that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, December 13th. Schneider National's payout ratio is currently 61.29%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Susquehanna lowered their price objective 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 lifted their price objective on shares of Schneider National from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Evercore ISI lowered their price objective on shares of Schneider National from $27.00 to $26.00 and set an "in-line" rating on the stock in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Schneider National from $25.00 to $27.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Schneider National has an average rating of "Hold" and an average price target of $28.77.

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.