FCG Investment Co increased its stake in Schneider National, Inc. (NYSE:SNDR – Free Report) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,540 shares of the company’s stock after purchasing an additional 1,534 shares during the quarter. FCG Investment Co’s holdings in Schneider National were worth $367,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Schneider National by 766.0% in the fourth quarter. SG Americas Securities LLC now owns 33,203 shares of the company’s stock worth $972,000 after acquiring an additional 29,369 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Schneider National by 32.6% in the 4th quarter. Park Avenue Securities LLC now owns 22,812 shares of the company’s stock valued at $668,000 after acquiring an additional 5,613 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Schneider National during the 4th quarter valued at approximately $59,000. GAMMA Investing LLC boosted its stake in Schneider National by 52.6% during the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of Schneider National during the 3rd quarter worth about $6,327,000. Institutional investors own 28.54% of the company’s stock.
Insider Activity
In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the sale, the chief accounting officer now directly owns 155,366 shares of the company’s stock, valued at approximately $4,923,548.54. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owns 95,191 shares of the company’s stock, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock valued at $2,153,011 over the last quarter. Company insiders own 32.68% of the company’s stock.
Schneider National Stock Performance
Schneider National (NYSE:SNDR – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. As a group, equities research analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current year.
Schneider National Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is 61.29%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on SNDR shares. Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and lowered their target price for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Evercore ISI reduced their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group cut their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Benchmark boosted their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, TD Cowen increased their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.38.
Check Out Our Latest Stock Report on Schneider National
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.
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