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Schneider National, Inc. (NYSE:SNDR) Shares Purchased by Charles Schwab Investment Management Inc.

Schneider National logo with Transportation background

Charles Schwab Investment Management Inc. lifted its holdings in Schneider National, Inc. (NYSE:SNDR - Free Report) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819,333 shares of the company's stock after purchasing an additional 83,439 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.47% of Schneider National worth $23,384,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Schneider National during the second quarter worth approximately $53,000. DekaBank Deutsche Girozentrale acquired a new stake in Schneider National during the third quarter worth about $73,000. SG Americas Securities LLC purchased a new stake in shares of Schneider National during the 3rd quarter valued at approximately $109,000. Hills Bank & Trust Co acquired a new position in shares of Schneider National in the 3rd quarter valued at $112,000. Finally, nVerses Capital LLC purchased a new position in Schneider National during the third quarter worth about $146,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Susquehanna cut their price target on Schneider National from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Bank of America lifted their price objective on Schneider National from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Benchmark upped their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Evercore ISI decreased their price target on shares of Schneider National from $27.00 to $26.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $29.08.

Read Our Latest Stock Analysis on SNDR

Insider Buying and Selling at Schneider National

In related news, COO Mark B. Rourke sold 32,057 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the transaction, the chief operating officer now directly owns 266,887 shares in the company, valued at approximately $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of Schneider National stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the sale, the chief accounting officer now owns 155,366 shares of the company's stock, valued at $4,923,548.54. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,555 shares of company stock valued at $1,862,611. Insiders own 32.68% of the company's stock.

Schneider National Stock Performance

Shares of NYSE:SNDR traded down $0.04 during midday trading on Friday, hitting $31.47. The stock had a trading volume of 586,819 shares, compared to its average volume of 825,772. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $29.59 and a two-hundred day moving average price of $26.65. The company has a market capitalization of $5.51 billion, a PE ratio of 50.82, a P/E/G ratio of 3.32 and a beta of 0.90.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). The business 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, equities analysts predict that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio (DPR) is 61.29%.

About Schneider National

(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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