Schneider National Inc (SNDR) Position Boosted by Macquarie Group Ltd.
Macquarie Group Ltd. boosted its holdings in shares of Schneider National Inc (NYSE:SNDR) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,078 shares of the company’s stock after acquiring an additional 2,650 shares during the quarter. Macquarie Group Ltd. owned 0.05% of Schneider National worth $1,719,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of SNDR. BOKF NA raised its position in Schneider National by 6.4% during the 4th quarter. BOKF NA now owns 25,336 shares of the company’s stock valued at $473,000 after purchasing an additional 1,517 shares in the last quarter. First Hawaiian Bank raised its position in Schneider National by 163.1% during the 4th quarter. First Hawaiian Bank now owns 3,039 shares of the company’s stock valued at $57,000 after purchasing an additional 1,884 shares in the last quarter. TD Asset Management Inc. raised its position in Schneider National by 6.2% during the 4th quarter. TD Asset Management Inc. now owns 39,251 shares of the company’s stock valued at $733,000 after purchasing an additional 2,300 shares in the last quarter. AQR Capital Management LLC raised its position in Schneider National by 20.8% during the 3rd quarter. AQR Capital Management LLC now owns 19,725 shares of the company’s stock valued at $493,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Schneider National during the 4th quarter valued at $99,000. Institutional investors own 23.19% of the company’s stock.
In related news, CEO Christopher B. Lofgren sold 54,005 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $22.02, for a total transaction of $1,189,190.10. Following the transaction, the chief executive officer now directly owns 1,425,042 shares in the company, valued at approximately $31,379,424.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher B. Lofgren sold 245,995 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $21.52, for a total value of $5,293,812.40. Following the transaction, the chief executive officer now owns 1,378,534 shares in the company, valued at $29,666,051.68. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a return on equity of 13.57% and a net margin of 5.40%. Research analysts expect that Schneider National Inc will post 1.7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Friday, March 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, March 14th. Schneider National’s payout ratio is 15.48%.
SNDR has been the subject of a number of research analyst reports. ValuEngine lowered Schneider National from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Stephens raised Schneider National from an “equal weight” rating to an “overweight” rating and set a $24.00 target price for the company in a research report on Friday, January 4th. JPMorgan Chase & Co. lowered Schneider National from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $27.00 to $23.00 in a research report on Tuesday, December 18th. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Monday, February 4th. Finally, Zacks Investment Research lowered Schneider National from a “hold” rating to a “sell” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Schneider National currently has an average rating of “Hold” and a consensus target price of $27.70.
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About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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