Schneider National, Inc. (NYSE:SNDR) Stock Position Lowered by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in Schneider National, Inc. (NYSE:SNDR) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,355,883 shares of the company’s stock after selling 115,143 shares during the quarter. Wellington Management Group LLP owned approximately 1.34% of Schneider National worth $67,237,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SNDR. Deprince Race & Zollo Inc. purchased a new stake in shares of Schneider National in the 2nd quarter valued at approximately $30,072,000. State Street Corp lifted its position in shares of Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after acquiring an additional 743,800 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Schneider National in the 2nd quarter valued at approximately $15,216,000. Encompass Capital Advisors LLC purchased a new stake in shares of Schneider National in the 2nd quarter valued at approximately $12,376,000. Finally, Earnest Partners LLC lifted its position in shares of Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after acquiring an additional 440,545 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Down 0.6 %

Schneider National stock opened at $31.35 on Wednesday. The company has a market capitalization of $5.49 billion, a P/E ratio of 50.56, a P/E/G ratio of 3.29 and a beta of 0.89. The firm’s fifty day simple moving average is $29.77 and its 200-day simple moving average is $26.92. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $33.90.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Sell-side analysts forecast that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.21%. Schneider National’s payout ratio is presently 61.29%.

Analysts Set New Price Targets

SNDR has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna cut their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and cut their target price for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.08.

Insider Activity at Schneider National

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the sale, the chief accounting officer now directly owns 155,366 shares in the company, valued at $4,923,548.54. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the completion of the sale, the chief operating officer now owns 266,887 shares in the company, valued at $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,555 shares of company stock worth $1,862,611. 18.83% of the stock is owned by insiders.

About Schneider National

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.