Great Lakes Advisors LLC Reduces Position in Schneider National, Inc. (NYSE:SNDR)

Great Lakes Advisors LLC cut its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,018 shares of the company’s stock after selling 10,241 shares during the quarter. Great Lakes Advisors LLC owned about 0.05% of Schneider National worth $2,782,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Schneider National during the fourth quarter valued at $5,349,000. Proficio Capital Partners LLC acquired a new position in Schneider National during the fourth quarter valued at $997,000. Charles Schwab Investment Management Inc. lifted its position in Schneider National by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 822,060 shares of the company’s stock valued at $24,070,000 after purchasing an additional 2,727 shares during the period. SRS Capital Advisors Inc. lifted its position in Schneider National by 74.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares during the period. Finally, GW&K Investment Management LLC lifted its position in Schneider National by 8.7% during the fourth quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company’s stock valued at $58,204,000 after purchasing an additional 158,505 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $29.04, for a total transaction of $290,400.00. Following the transaction, the insider now owns 95,191 shares of the company’s stock, valued at approximately $2,764,346.64. The trade was a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 32.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Bank of America upped their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Susquehanna upped their price objective on shares of Schneider National from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, TD Cowen upped their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.85.

Schneider National Stock Up 1.5 %

SNDR opened at $23.76 on Friday. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $33.90. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $27.92 and a 200 day moving average price of $28.74. The company has a market cap of $4.17 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting 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 quarter in the prior year, the firm posted $0.16 earnings per share. Sell-side analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National’s dividend payout ratio is currently 58.46%.

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.