Vestcor Inc cut its stake in Schneider National, Inc. (NYSE:SNDR – Free Report) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,865 shares of the company’s stock after selling 23,446 shares during the quarter. Vestcor Inc owned 0.07% of Schneider National worth $3,233,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Schneider National by 145.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,816,087 shares of the company’s stock worth $48,181,000 after buying an additional 1,076,184 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Schneider National by 356.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 629,523 shares of the company’s stock worth $16,701,000 after acquiring an additional 491,542 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Schneider National by 568.4% in the 4th quarter. Natixis Advisors LLC now owns 240,450 shares of the company’s stock worth $6,379,000 after acquiring an additional 204,475 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Schneider National by 7.2% in the 4th quarter. Baker Avenue Asset Management LP now owns 11,409 shares of the company’s stock worth $303,000 after acquiring an additional 764 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Schneider National in the fourth quarter valued at about $47,000. Institutional investors own 28.54% of the company’s stock.
Schneider National Stock Performance
Shares of SNDR stock opened at $37.26 on Friday. The stock has a market capitalization of $6.52 billion, a P/E ratio of 66.54, a PEG ratio of 1.04 and a beta of 1.17. The company has a current ratio of 1.95, a quick ratio of 1.83 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $30.74 and its 200 day moving average is $28.18. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month high of $37.84.
Schneider National Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 12th. Schneider National’s payout ratio is presently 71.43%.
Insider Buying and Selling at Schneider National
In related news, VP Magnin Shelly A. Dumas sold 2,425 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $30.90, for a total transaction of $74,932.50. Following the completion of the transaction, the vice president owned 24,697 shares of the company’s stock, valued at approximately $763,137.30. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.64% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
SNDR has been the topic of several analyst reports. Zacks Research upgraded shares of Schneider National from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. TD Cowen lifted their target price on shares of Schneider National from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Raymond James Financial restated a “market perform” rating on shares of Schneider National in a research note on Monday, April 20th. Wells Fargo & Company increased their price target on Schneider National from $33.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, National Bank Financial set a $35.00 price target on Schneider National in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.23.
Read Our Latest Research Report on SNDR
Schneider National Company Profile
Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.
Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.
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