Earnest Partners LLC Sells 46,517 Shares of Schneider National, Inc. $SNDR

Earnest Partners LLC trimmed its stake in Schneider National, Inc. (NYSE:SNDR) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 2,156,183 shares of the company’s stock after selling 46,517 shares during the period. Earnest Partners LLC’s holdings in Schneider National were worth $45,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Elevation Point Wealth Partners LLC bought a new stake in shares of Schneider National in the 2nd quarter worth approximately $37,000. KBC Group NV grew its holdings in Schneider National by 86.3% during the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after purchasing an additional 1,061 shares during the period. Hantz Financial Services Inc. increased its position in Schneider National by 136.7% in the third quarter. Hantz Financial Services Inc. now owns 8,284 shares of the company’s stock worth $175,000 after buying an additional 4,784 shares during the last quarter. Bank of Montreal Can purchased a new stake in Schneider National in the second quarter worth $215,000. Finally, Vise Technologies Inc. bought a new stake in shares of Schneider National in the second quarter valued at $219,000. 28.54% of the stock is owned by institutional investors.

Schneider National Price Performance

Shares of NYSE SNDR opened at $23.69 on Monday. The stock has a market cap of $4.15 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. Schneider National, Inc. has a fifty-two week low of $20.11 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The stock has a fifty day moving average of $28.43 and a 200-day moving average of $25.32.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 28th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th will be given a dividend of $0.10 per share. This is a boost from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, March 13th. Schneider National’s dividend payout ratio (DPR) is currently 67.80%.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer directly owned 66,275 shares in the company, valued at approximately $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. National Bank Financial set a $27.00 price target on Schneider National in a research report on Friday, February 6th. Raymond James Financial raised Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Wednesday, December 3rd. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price objective on the stock in a report on Monday, March 9th. Benchmark reiterated a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Finally, Susquehanna lifted their target price on shares of Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.43.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.