State Street Corp Buys 743,800 Shares of Schneider National, Inc. (NYSE:SNDR)

State Street Corp boosted its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 75.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,730,769 shares of the company's stock after purchasing an additional 743,800 shares during the period. State Street Corp owned about 0.99% of Schneider National worth $49,545,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new stake in shares of Schneider National during the 2nd quarter valued at about $53,000. DekaBank Deutsche Girozentrale acquired a new stake in Schneider National in the third quarter valued at approximately $73,000. Quarry LP bought a new stake in Schneider National in the third quarter worth approximately $90,000. SG Americas Securities LLC bought a new stake in Schneider National in the third quarter worth approximately $109,000. Finally, Hills Bank & Trust Co acquired a new position in shares of Schneider National during the 3rd quarter worth $112,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SNDR shares. Benchmark upped their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Susquehanna decreased their target price on Schneider National from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. TD Cowen raised their price target on Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lowered their price objective on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, Citigroup cut shares of Schneider National from a "neutral" rating to a "sell" rating and cut their target price for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $29.08.

Insider Transactions at Schneider National

In related news, EVP Thomas G. Jackson sold 18,248 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the transaction, the executive vice president now owns 66,526 shares in the company, valued at $2,200,014.82. This trade represents a 21.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark B. Rourke sold 32,057 shares of the business's 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 sale, the chief operating officer now directly owns 266,887 shares of the company's stock, valued at $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,555 shares of company stock worth $1,862,611. Insiders own 32.68% of the company's stock.

Schneider National Price Performance

SNDR traded down $0.44 during midday trading on Friday, reaching $28.94. 1,592,484 shares of the company's stock were exchanged, compared to its average volume of 827,363. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 46.68, a price-to-earnings-growth ratio of 3.24 and a beta of 0.90. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90. The business has a 50-day simple moving average of $30.23 and a two-hundred day simple moving average of $27.26.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. As a group, research analysts predict that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio is currently 61.29%.

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.