Vise Technologies Inc. purchased a new position in shares of Schneider National, Inc. (NYSE:SNDR – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 9,062 shares of the company’s stock, valued at approximately $219,000.
Several other large investors have also bought and sold shares of the business. WPG Advisers LLC acquired a new stake in Schneider National during the 1st quarter worth $25,000. Quarry LP acquired a new position in shares of Schneider National in the 1st quarter valued at $32,000. CWM LLC boosted its position in shares of Schneider National by 103.4% in the 1st quarter. CWM LLC now owns 3,513 shares of the company’s stock worth $80,000 after purchasing an additional 1,786 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Schneider National by 2,943.5% during the second quarter. Hantz Financial Services Inc. now owns 3,500 shares of the company’s stock worth $85,000 after purchasing an additional 3,385 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Schneider National during the second quarter worth $102,000. 28.54% of the stock is currently owned by institutional investors and hedge funds.
Schneider National Stock Up 1.2%
Shares of SNDR stock opened at $21.01 on Wednesday. Schneider National, Inc. has a 12-month low of $20.11 and a 12-month high of $33.90. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $22.36 and a 200-day moving average of $23.74. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 0.81 and a beta of 1.04.
Schneider National Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Friday, December 12th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, December 12th. Schneider National’s dividend payout ratio is currently 59.38%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in 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. JPMorgan Chase & Co. cut their price target on shares of Schneider National from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Citigroup reduced their price objective on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. National Bankshares set a $21.00 price objective on shares of Schneider National in a report on Friday, October 31st. Finally, TD Cowen cut their target price on shares of Schneider National from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and an average target price of $25.64.
View Our Latest Analysis on SNDR
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.
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