Allianz Asset Management GmbH increased its stake in shares of Schneider National, Inc. (NYSE:SNDR – Get Rating) by 245.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,190,544 shares of the company’s stock after acquiring an additional 846,374 shares during the period. Allianz Asset Management GmbH’s holdings in Schneider National were worth $32,037,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of SNDR. Gladius Capital Management LP purchased a new position in shares of Schneider National in the 4th quarter valued at approximately $122,000. Point72 Hong Kong Ltd grew its stake in shares of Schneider National by 8,681.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,269 shares of the company’s stock valued at $120,000 after purchasing an additional 5,209 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Schneider National in the 4th quarter valued at approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Schneider National by 76.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,749 shares of the company’s stock valued at $209,000 after purchasing an additional 3,354 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Schneider National in the 4th quarter valued at approximately $216,000. 71.56% of the stock is owned by institutional investors.
Several research analysts have weighed in on SNDR shares. Zacks Investment Research downgraded Schneider National from a “strong-buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Monday, March 14th. Stephens raised their price target on Schneider National from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, February 4th. Wells Fargo & Company raised their price target on Schneider National from $22.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, February 4th. Susquehanna Bancshares raised Schneider National from a “neutral” rating to a “positive” rating and raised their price target for the company from $29.00 to $32.00 in a report on Friday, March 4th. Finally, JPMorgan Chase & Co. reduced their price target on Schneider National from $27.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, April 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Schneider National has a consensus rating of “Hold” and a consensus price target of $28.28.
Schneider National (NYSE:SNDR – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Schneider National had a net margin of 7.38% and a return on equity of 19.29%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. As a group, research analysts expect that Schneider National, Inc. will post 2.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Friday, June 10th will be issued a $0.08 dividend. The ex-dividend date is Thursday, June 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.41%. Schneider National’s dividend payout ratio (DPR) is 12.85%.
In other news, EVP Shaleen Devgun sold 11,748 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $26.82, for a total transaction of $315,081.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David L. Geyer sold 16,000 shares of the stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $24.71, for a total transaction of $395,360.00. Following the transaction, the executive vice president now owns 100,096 shares in the company, valued at $2,473,372.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,748 shares of company stock worth $1,128,361. 32.97% of the stock is owned by insiders.
Schneider National Profile (Get Rating)
Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.
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