Allspring Global Investments Holdings LLC Raises Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

Allspring Global Investments Holdings LLC grew its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 780.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,761 shares of the company's stock after acquiring an additional 11,312 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Schneider National were worth $372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in shares of Schneider National in the third quarter worth approximately $6,327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Schneider National by 15.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company's stock worth $3,724,000 after purchasing an additional 17,573 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Schneider National by 18.4% in the third quarter. Geode Capital Management LLC now owns 746,272 shares of the company's stock worth $21,305,000 after purchasing an additional 115,814 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Schneider National in the third quarter worth approximately $9,157,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Schneider National in the third quarter worth approximately $648,000. Institutional investors own 28.54% of the company's stock.

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Insider Buying and Selling at Schneider National

In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction of $198,062.50. Following the completion of the transaction, the chief accounting officer now directly owns 155,366 shares in the company, valued at approximately $4,923,548.54. The trade was a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shaleen Devgun sold 10,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the transaction, the insider now owns 95,191 shares of the company's stock, valued at $2,764,346.64. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.68% of the company's stock.

Schneider National Stock Up 1.0 %

Schneider National stock traded up $0.26 on Friday, hitting $26.35. 960,051 shares of the stock traded hands, compared to its average volume of 807,847. The business's fifty day simple moving average is $28.83 and its 200 day simple moving average is $28.88. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $4.62 billion, a P/E ratio of 40.54, a price-to-earnings-growth ratio of 0.54 and a beta of 0.93. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results 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 return on equity of 4.12% and a net margin of 2.21%. During the same period last year, the business posted $0.16 earnings per share. As a group, sell-side analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.44%. Schneider National's dividend payout ratio is currently 58.46%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Evercore ISI cut their price target on shares of Schneider National from $27.00 to $26.00 and set an "in-line" rating on the stock in a report on Thursday, November 7th. TD Cowen lifted their price target on shares of Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Stifel Nicolaus lifted their price target on shares of Schneider National from $28.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Citigroup cut shares of Schneider National from a "neutral" rating to a "sell" rating and cut their price target for the company from $32.00 to $30.00 in a report on Tuesday, November 12th. Finally, Stephens reiterated an "equal weight" rating and issued a $30.00 price target (down previously from $32.00) on shares of Schneider National in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.85.

Schneider National 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.