Schneider National, Inc. (NYSE:SNDR) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its holdings in Schneider National, Inc. (NYSE:SNDR - Free Report) by 46.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 502,060 shares of the company's stock after selling 430,340 shares during the quarter. Millennium Management LLC owned about 0.29% of Schneider National worth $12,130,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Deprince Race & Zollo Inc. acquired a new stake in Schneider National during the 2nd quarter worth $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Schneider National during the second quarter worth about $15,216,000. Encompass Capital Advisors LLC acquired a new stake in shares of Schneider National during the second quarter worth about $12,376,000. Earnest Partners LLC lifted 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 valued at $52,334,000 after purchasing an additional 440,545 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 valued at $91,964,000 after purchasing an additional 388,913 shares during the period. Hedge funds and other institutional investors own 28.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group upped their price target on shares of Schneider National from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Schneider National from $24.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Benchmark raised their price target on Schneider National from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Evercore ISI reduced their price objective on Schneider National from $28.00 to $27.00 and set an "in-line" rating for the company in a research note on Thursday, October 3rd. Finally, Bank of America downgraded Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 target price on the stock. in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $27.17.

Schneider National Price Performance

Shares of Schneider National stock traded up $0.10 during trading on Tuesday, hitting $27.48. 431,926 shares of the company were exchanged, compared to its average volume of 853,680. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $29.01. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $27.36 and a 200 day moving average price of $24.34. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.54 and a beta of 0.85.

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

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be paid a $0.095 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.38 annualized dividend and a yield of 1.38%. Schneider National's payout ratio is currently 43.18%.

Insider Buying and Selling

In other news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 32.68% of the stock is currently owned by company insiders.

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.