Ceredex Value Advisors LLC Sells 450,000 Shares of Schneider National, Inc. (NYSE:SNDR)

Ceredex Value Advisors LLC reduced its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 55.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 357,350 shares of the company's stock after selling 450,000 shares during the period. Ceredex Value Advisors LLC owned about 0.20% of Schneider National worth $10,240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNDR. BNP Paribas Financial Markets boosted its position in Schneider National by 4,602.7% during the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company's stock worth $3,076,000 after purchasing an additional 132,973 shares during the period. FORA Capital LLC bought a new stake in shares of Schneider National during the 1st quarter worth about $510,000. Duality Advisers LP acquired a new position in Schneider National in the 1st quarter valued at about $335,000. Envestnet Portfolio Solutions Inc. raised its holdings in Schneider National by 18.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,662 shares of the company's stock valued at $309,000 after acquiring an additional 2,140 shares during the period. Finally, Quantbot Technologies LP lifted its position in Schneider National by 43.0% during the first quarter. Quantbot Technologies LP now owns 80,698 shares of the company's stock worth $1,827,000 after acquiring an additional 24,278 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Schneider National Price Performance

Shares of NYSE SNDR traded up $0.13 during mid-day trading on Friday, hitting $28.41. 546,655 shares of the stock traded hands, compared to its average volume of 497,055. The company has a market cap of $4.98 billion, a PE ratio of 43.71, a price-to-earnings-growth ratio of 2.87 and a beta of 0.85. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $29.18. 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 firm has a 50 day simple moving average of $27.67 and a two-hundred day simple moving average of $25.05.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.35 billion. During the same period last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Schneider National, Inc. will post 0.84 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National's payout ratio is 58.46%.

Wall Street Analyst Weigh In

SNDR has been the topic of several research reports. The Goldman Sachs Group decreased their target price on Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus lowered Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price objective on the stock. in a report on Thursday, August 8th. Susquehanna lifted their target price on Schneider National from $25.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Bank of America downgraded shares of Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 price target on the stock. in a research note on Monday, July 22nd. Finally, UBS Group lifted their price objective on shares of Schneider National from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Schneider National currently has an average rating of "Hold" and an average price target of $27.08.

Schneider National Company Profile

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.