Schneider National, Inc. (NYSE:SNDR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 35.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 864,716 shares of the company's stock after selling 483,993 shares during the period. Massachusetts Financial Services Co. MA owned about 0.49% of Schneider National worth $24,679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Schneider National by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company's stock worth $91,964,000 after buying an additional 388,913 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 worth $96,953,000 after acquiring an additional 228,661 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Schneider National by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company's stock valued at $83,184,000 after acquiring an additional 48,905 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock worth $52,334,000 after purchasing an additional 440,545 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Schneider National by 10.9% in the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company's stock worth $46,053,000 after purchasing an additional 186,857 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNDR. Susquehanna dropped their target price on shares of 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 raised their target price on Schneider National from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday. Evercore ISI reduced their target price on shares of Schneider National from $27.00 to $26.00 and set an "in-line" rating for the company in a report on Thursday, November 7th. Citigroup cut Schneider National from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus raised their target price on shares of Schneider National from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. One 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 company. According to MarketBeat.com, Schneider National currently has a consensus rating of "Hold" and an average target price of $28.77.

Schneider National Stock Up 3.9 %

Shares of NYSE SNDR traded up $1.26 during mid-day trading on Tuesday, reaching $33.28. 1,339,002 shares of the company were exchanged, compared to its average volume of 818,402. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.47. The firm has a 50-day moving average of $28.87 and a 200 day moving average of $26.13. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 53.68, a P/E/G ratio of 3.83 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. On average, research analysts expect that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

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

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.