SG Americas Securities LLC grew its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 766.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,203 shares of the company's stock after buying an additional 29,369 shares during the quarter. SG Americas Securities LLC's holdings in Schneider National were worth $972,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in Schneider National by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company's stock worth $83,184,000 after acquiring an additional 48,905 shares in the last quarter. State Street Corp increased its stake in Schneider National by 75.4% during the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company's stock worth $49,545,000 after acquiring an additional 743,800 shares during the period. Copeland Capital Management LLC raised its stake in Schneider National by 0.3% in the third quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company's stock valued at $45,212,000 after purchasing an additional 4,458 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Schneider National by 16.4% during the 3rd quarter. New York State Common Retirement Fund now owns 1,491,876 shares of the company's stock worth $42,578,000 after acquiring an additional 209,787 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Schneider National by 2.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,263,770 shares of the company's stock worth $36,068,000 after purchasing an additional 34,477 shares during the last quarter. Institutional investors own 28.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SNDR. TD Cowen boosted their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. 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 report on Thursday, January 23rd. Bank of America raised their target price on Schneider National from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Benchmark lifted their price target 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. Finally, Evercore ISI lowered their target price on Schneider National from $27.00 to $26.00 and set an "in-line" rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Schneider National presently has a consensus rating of "Hold" and a consensus price target of $29.38.
Read Our Latest Research Report on SNDR
Insider Buying and Selling at Schneider National
In other Schneider National news, COO Mark B. Rourke sold 32,057 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at approximately $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shaleen Devgun sold 10,000 shares of the company's stock in a transaction on Friday, December 20th. The shares were 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 directly owns 95,191 shares in the company, valued at approximately $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. Insiders sold a total of 66,555 shares of company stock valued at $2,153,011 in the last ninety days. Corporate insiders own 18.83% of the company's stock.
Schneider National Price Performance
Shares of NYSE SNDR traded down $0.14 during midday trading on Wednesday, reaching $29.78. The stock had a trading volume of 1,259,836 shares, compared to its average volume of 844,746. 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 of $30.40 and a 200-day moving average of $28.62. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 48.02, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90.
Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. As a group, research analysts anticipate that Schneider National, Inc. will post 0.7 EPS for the current fiscal year.
Schneider National Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.28%. Schneider National's dividend payout ratio (DPR) is presently 61.29%.
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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