Royce & Associates LP cut its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,943 shares of the company's stock after selling 11,598 shares during the period. Royce & Associates LP owned about 0.09% of Schneider National worth $4,478,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company's stock worth $38,000 after purchasing an additional 450 shares during the last quarter. Truist Financial Corp lifted its stake in Schneider National by 0.6% in the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company's stock worth $2,595,000 after purchasing an additional 528 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Schneider National by 74.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company's stock worth $42,000 after purchasing an additional 612 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Schneider National by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company's stock worth $822,000 after purchasing an additional 710 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Schneider National by 4.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,606 shares of the company's stock worth $574,000 after purchasing an additional 910 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Schneider National from $28.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Stephens reaffirmed an "equal weight" rating and set a $30.00 price objective (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Benchmark upped their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Bank of America upped their price objective on shares of Schneider National from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $30.85.
Check Out Our Latest Research Report on SNDR
Schneider National Trading Down 0.2 %
Shares of NYSE SNDR traded down $0.04 during midday trading on Friday, hitting $23.11. 1,201,045 shares of the company traded hands, compared to its average volume of 786,497. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The stock has a 50-day moving average price of $27.35 and a 200 day moving average price of $28.63. The firm has a market cap of $4.06 billion, a P/E ratio of 35.56, a P/E/G ratio of 0.54 and a beta of 0.87.
Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period in the previous year, the firm earned $0.16 EPS. As a group, analysts expect that Schneider National, Inc. will post 1.12 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, April 9th. Shareholders of record on Friday, March 14th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, March 14th. Schneider National's dividend payout ratio (DPR) is presently 58.46%.
Schneider National Company Profile
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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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