Nicolet Advisory Services LLC bought a new stake in Schneider National, Inc. (NYSE:SNDR – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,802 shares of the company’s stock, valued at approximately $512,000.
A number of other hedge funds also recently modified their holdings of SNDR. Royal Bank of Canada lifted its holdings in shares of Schneider National by 19.1% in the first quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock valued at $3,702,000 after purchasing an additional 26,015 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Schneider National in the first quarter valued at $7,477,000. Empowered Funds LLC lifted its holdings in shares of Schneider National by 12.0% in the first quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock valued at $319,000 after purchasing an additional 1,494 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Schneider National by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock worth $4,077,000 after acquiring an additional 27,180 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Schneider National by 120.5% during the first quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock worth $2,071,000 after acquiring an additional 49,511 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.
Schneider National Price Performance
Shares of NYSE:SNDR opened at $38.39 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.83 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 68.55, a P/E/G ratio of 1.07 and a beta of 1.17. Schneider National, Inc. has a 1 year low of $20.11 and a 1 year high of $39.27. The business has a fifty day simple moving average of $31.95 and a 200 day simple moving average of $28.83.
Schneider National Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, June 12th. Schneider National’s dividend payout ratio is presently 71.43%.
Analyst Ratings Changes
Several brokerages recently issued reports on SNDR. Zacks Research upgraded Schneider National from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Schneider National in a report on Friday, March 27th. Susquehanna increased their price objective on Schneider National from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. National Bank Financial set a $35.00 price objective on Schneider National in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on Schneider National from $33.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Schneider National presently has an average rating of “Hold” and an average target price of $32.23.
Read Our Latest Research Report on SNDR
Insiders Place Their Bets
In other Schneider National news, EVP Thomas G. Jackson sold 20,271 shares of the stock in a transaction on Wednesday, June 10th. The shares were 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 of the company’s stock, valued at $2,867,014.10. This represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Shaleen Devgun sold 8,352 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $38.59, for a total transaction of $322,303.68. Following the transaction, the executive vice president directly owned 38,619 shares in the company, valued at $1,490,307.21. The trade was a 17.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,048 shares of company stock valued at $1,150,304 over the last three months. 23.64% of the stock is currently 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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