Oppenheimer Asset Management Inc. Sells 1,173 Shares of Schneider National, Inc. $SNDR

Oppenheimer Asset Management Inc. reduced its position in Schneider National, Inc. (NYSE:SNDR) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,999 shares of the company’s stock after selling 1,173 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Schneider National were worth $2,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SNDR. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Schneider National by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company’s stock valued at $408,000 after acquiring an additional 1,474 shares in the last quarter. KBC Group NV purchased a new position in Schneider National in the first quarter valued at about $28,000. New York State Teachers Retirement System grew its stake in Schneider National by 33.6% in the first quarter. New York State Teachers Retirement System now owns 18,447 shares of the company’s stock valued at $422,000 after purchasing an additional 4,637 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Schneider National in the first quarter valued at about $395,000. Finally, Principal Financial Group Inc. grew its stake in Schneider National by 2.6% in the first quarter. Principal Financial Group Inc. now owns 233,660 shares of the company’s stock valued at $5,339,000 after purchasing an additional 5,925 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the completion of the transaction, the executive vice president directly owned 72,870 shares of the company’s stock, valued at $1,775,113.20. The trade was a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Zacks Research lowered Schneider National from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. UBS Group lowered Schneider National from a “buy” rating to a “neutral” rating and lifted their target price for the company from $25.00 to $26.00 in a research note on Friday, September 5th. Evercore ISI cut their target price on Schneider National from $24.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 30th. Susquehanna cut their target price on Schneider National from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Finally, Erste Group Bank upgraded Schneider National from a “hold” rating to a “buy” rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.00.

Schneider National Stock Performance

Shares of SNDR stock opened at $22.59 on Thursday. The stock has a fifty day moving average price of $23.20 and a 200 day moving average price of $23.78. The stock has a market cap of $3.96 billion, a PE ratio of 32.26, a P/E/G ratio of 0.73 and a beta of 1.06. Schneider National, Inc. has a 1 year low of $20.59 and a 1 year high of $33.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.91.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.Schneider National’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Sell-side analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Friday, December 12th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 12th. Schneider National’s payout ratio is 54.29%.

Schneider National 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.