Impact Partnership Wealth LLC purchased a new stake in shares of Schneider National, Inc. (NYSE:SNDR – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,530 shares of the company’s stock, valued at approximately $488,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Schneider National by 2,425.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock worth $36,000 after acquiring an additional 1,625 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Schneider National in the fourth quarter valued at $47,000. Farther Finance Advisors LLC raised its stake in shares of Schneider National by 155.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock valued at $48,000 after purchasing an additional 1,110 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of Schneider National by 695.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 2,059 shares of the company’s stock valued at $54,000 after purchasing an additional 1,800 shares during the period. Finally, Quarry LP lifted its holdings in Schneider National by 36.7% during the 3rd quarter. Quarry LP now owns 3,404 shares of the company’s stock worth $72,000 after purchasing an additional 913 shares in the last quarter. 28.54% of the stock is owned by institutional investors.
Schneider National Stock Down 0.2%
Shares of NYSE:SNDR opened at $36.45 on Thursday. The firm has a market capitalization of $6.38 billion, a PE ratio of 65.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.83 and a current ratio of 1.95. Schneider National, Inc. has a 52-week low of $20.11 and a 52-week high of $39.27. The firm has a fifty day moving average of $34.02 and a 200 day moving average of $29.89.
Schneider National Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 12th. Schneider National’s dividend payout ratio (DPR) is currently 71.43%.
Analysts Set New Price Targets
Several brokerages have commented on SNDR. National Bank Financial set a $35.00 target price on Schneider National in a research note on Friday, May 1st. Citigroup upped their price target on Schneider National from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Schneider National from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. TD Cowen raised their price objective on shares of Schneider National from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Schneider National in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Schneider National has an average rating of “Hold” and an average price target of $32.69.
Get Our Latest Research Report on Schneider National
Insider Buying and Selling
In other Schneider National news, VP Magnin Shelly A. Dumas sold 2,425 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $30.90, for a total transaction of $74,932.50. Following the transaction, the vice president directly owned 24,697 shares in the company, valued at $763,137.30. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas G. Jackson sold 20,271 shares of Schneider National stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $37.15, for a total transaction of $753,067.65. Following the transaction, the executive vice president directly owned 77,174 shares in the company, valued at $2,867,014.10. This trade represents a 20.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,048 shares of company stock worth $1,150,304 in the last quarter. 23.64% of the stock is owned by insiders.
About Schneider National
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.
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