Raymond James & Associates Decreases Stake in Schneider National Inc (SNDR)

Raymond James & Associates decreased its position in Schneider National Inc (NYSE:SNDR) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,837 shares of the company’s stock after selling 14,143 shares during the quarter. Raymond James & Associates owned about 0.06% of Schneider National worth $3,051,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in Schneider National during the fourth quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Schneider National during the third quarter worth approximately $207,000. Virtu Financial LLC acquired a new stake in Schneider National during the fourth quarter worth approximately $251,000. SG Americas Securities LLC acquired a new stake in Schneider National during the third quarter worth approximately $283,000. Finally, Neuberger Berman Group LLC acquired a new stake in Schneider National during the third quarter worth approximately $310,000. 23.88% of the stock is currently owned by institutional investors.

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In other news, CFO Lori A. Lutey sold 70,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $28.11, for a total value of $1,967,700.00. Following the completion of the transaction, the chief financial officer now directly owns 515,838 shares in the company, valued at approximately $14,500,206.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 43.46% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on SNDR. Zacks Investment Research raised Schneider National from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, January 10th. Credit Suisse Group increased their price target on Schneider National from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Wolfe Research downgraded Schneider National from a “market perform” rating to an “underperform” rating in a research report on Monday, February 5th. Bank of America upped their target price on Schneider National from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Stephens restated a “hold” rating and set a $29.00 target price on shares of Schneider National in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Schneider National currently has an average rating of “Buy” and an average price target of $29.80.

NYSE SNDR opened at $24.90 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.37 and a quick ratio of 2.19. Schneider National Inc has a fifty-two week low of $17.69 and a fifty-two week high of $30.00. The firm has a market cap of $4,571.46 and a price-to-earnings ratio of 26.49.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, February 1st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Schneider National had a return on equity of 10.24% and a net margin of 8.89%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. analysts predict that Schneider National Inc will post 1.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 14th. This is a boost from Schneider National’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.96%. Schneider National’s dividend payout ratio is presently 25.53%.

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Schneider National Company Profile

Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.

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Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

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