Two Sigma Advisers LP Sells 19,700 Shares of Schneider National, Inc. (NYSE:SNDR)

Two Sigma Advisers LP lowered its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,800 shares of the company's stock after selling 19,700 shares during the quarter. Two Sigma Advisers LP owned about 0.29% of Schneider National worth $14,293,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SNDR. The Manufacturers Life Insurance Company boosted its holdings in shares of Schneider National by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company's stock valued at $342,000 after buying an additional 493 shares during the period. California State Teachers Retirement System lifted its holdings in Schneider National by 1.7% in the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company's stock worth $1,265,000 after acquiring an additional 958 shares during the last quarter. Comerica Bank boosted its stake in Schneider National by 11.8% in the first quarter. Comerica Bank now owns 12,283 shares of the company's stock valued at $278,000 after acquiring an additional 1,297 shares during the period. Susquehanna Fundamental Investments LLC grew its holdings in shares of Schneider National by 1.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company's stock valued at $1,847,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Schneider National by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company's stock worth $3,280,000 after buying an additional 1,424 shares during the period. Institutional investors own 28.54% of the company's stock.

Schneider National Price Performance

Shares of Schneider National stock traded up $0.07 during trading on Monday, hitting $31.54. The stock had a trading volume of 627,362 shares, compared to its average volume of 825,553. The business has a fifty day moving average of $29.65 and a two-hundred day moving average of $26.79. The firm has a market cap of $5.53 billion, a P/E ratio of 50.76, a PEG ratio of 3.29 and a beta of 0.89. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $33.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, sell-side analysts expect that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.20%. Schneider National's dividend payout ratio is currently 61.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $30.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Benchmark lifted their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Bank of America upped their target price on shares of Schneider National from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group dropped their price target 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 downgraded Schneider National from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $29.08.

Insider Activity

In related news, EVP Thomas G. Jackson sold 18,248 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the transaction, the executive vice president now owns 66,526 shares of the company's stock, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total transaction of $198,062.50. Following the sale, the chief accounting officer now directly owns 155,366 shares in the company, valued at approximately $4,923,548.54. This trade represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,555 shares of company stock worth $1,862,611. Insiders own 18.83% of the company's stock.

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.