Royce & Associates LP Cuts Stock Position in Schneider National, Inc. (NYSE:SNDR)

Royce & Associates LP lessened its holdings in Schneider National, Inc. (NYSE:SNDR) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,943 shares of the company’s stock after selling 11,598 shares during the period. Royce & Associates LP owned about 0.09% of Schneider National worth $4,478,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in Schneider National by 780.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock worth $372,000 after buying an additional 11,312 shares during the period. Principal Financial Group Inc. purchased a new stake in Schneider National during the 3rd quarter worth $6,327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Schneider National by 15.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock worth $3,724,000 after buying an additional 17,573 shares during the period. Geode Capital Management LLC increased its stake in Schneider National by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after buying an additional 115,814 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Schneider National during the 3rd quarter worth $9,157,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SNDR. JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Bank of America raised their price objective on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Susquehanna raised their price objective on shares of Schneider National from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company raised their price objective on shares of Schneider National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.85.

Insider Activity at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the sale, the insider now directly owns 95,191 shares in the company, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.68% of the stock is currently owned by insiders.

Schneider National Trading Down 2.3 %

NYSE SNDR opened at $23.16 on Thursday. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90. The company has a 50-day simple moving average of $27.57 and a 200-day simple moving average of $28.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm has a market capitalization of $4.06 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period last year, the firm posted $0.16 earnings per share. On average, equities analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 annualized dividend and a yield of 1.64%. Schneider National’s dividend payout ratio is presently 58.46%.

Schneider National Company 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.