Hsbc Holdings PLC Sells 42,970 Shares of Schneider National, Inc. (NYSE:SNDR)

Hsbc Holdings PLC lowered its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 82.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,901 shares of the company's stock after selling 42,970 shares during the period. Hsbc Holdings PLC's holdings in Schneider National were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SNDR. CANADA LIFE ASSURANCE Co raised its position in Schneider National by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company's stock valued at $451,000 after buying an additional 618 shares during the last quarter. Hilltop National Bank lifted its position in shares of Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company's stock valued at $74,000 after purchasing an additional 676 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Schneider National by 1.7% during the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company's stock valued at $1,265,000 after purchasing an additional 958 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in Schneider National by 9.2% during the first quarter. Janiczek Wealth Management LLC now owns 14,324 shares of the company's stock worth $324,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Comerica Bank grew its position in Schneider National by 11.8% in the 1st quarter. Comerica Bank now owns 12,283 shares of the company's stock worth $278,000 after purchasing an additional 1,297 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Insider Activity

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the sale, the insider now directly owns 55,726 shares in the company, valued at $1,538,037.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 32.68% of the company's stock.

Schneider National Stock Performance

Shares of SNDR traded down $0.42 during trading hours on Friday, hitting $26.98. The company's stock had a trading volume of 497,132 shares, compared to its average volume of 693,875. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.54 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. The business has a 50 day simple moving average of $27.32 and a two-hundred day simple moving average of $24.23. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $29.01.

Schneider National (NYSE:SNDR - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The business's quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts expect that Schneider National, Inc. will post 0.85 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.38 annualized dividend and a yield of 1.41%. Schneider National's dividend payout ratio is currently 43.18%.

Analyst Upgrades and Downgrades

SNDR has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of Schneider National from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Stifel Nicolaus lowered Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on Schneider National from $24.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Wells Fargo & Company assumed coverage on shares of Schneider National in a research report on Friday, June 7th. They set an "equal weight" rating and a $23.00 price target for the company. Finally, Evercore ISI lowered their price objective on shares of Schneider National from $28.00 to $27.00 and set an "in-line" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.17.

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.