Penn Capital Management Co. Inc. trimmed its position in shares of Schneider National Inc (NYSE:SNDR) by 36.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 207,686 shares of the company’s stock after selling 118,412 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Schneider National were worth $5,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNDR. First Hawaiian Bank raised its holdings in Schneider National by 163.1% in the 4th quarter. First Hawaiian Bank now owns 3,039 shares of the company’s stock worth $57,000 after purchasing an additional 1,884 shares during the period. Quantamental Technologies LLC bought a new position in Schneider National in the 4th quarter worth $99,000. Jane Street Group LLC bought a new position in Schneider National in the 4th quarter worth $224,000. CWM LLC bought a new position in Schneider National in the 4th quarter worth $239,000. Finally, Parametrica Management Ltd bought a new position in Schneider National in the 4th quarter worth $259,000. 24.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on SNDR shares. ValuEngine cut Schneider National from a “hold” rating to a “sell” rating in a report on Friday, February 8th. UBS Group set a $24.00 target price on Schneider National and gave the stock a “buy” rating in a report on Friday, May 3rd. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, February 4th. Zacks Investment Research cut Schneider National from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Finally, Buckingham Research decreased their target price on Schneider National from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $27.20.
Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.10). Schneider National had a return on equity of 12.69% and a net margin of 5.13%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Schneider National Inc will post 1.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.24%. Schneider National’s payout ratio is presently 15.48%.
In other news, CEO Christopher B. Lofgren sold 54,005 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $22.02, for a total transaction of $1,189,190.10. Following the completion of the transaction, the chief executive officer now owns 1,425,042 shares in the company, valued at $31,379,424.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher B. Lofgren sold 245,995 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $21.52, for a total value of $5,293,812.40. Following the transaction, the chief executive officer now owns 1,378,534 shares of the company’s stock, valued at approximately $29,666,051.68. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.
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