State of Alaska Department of Revenue Trims Stake in Schneider National, Inc. $SNDR

State of Alaska Department of Revenue cut its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 87.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,361 shares of the company’s stock after selling 184,356 shares during the quarter. State of Alaska Department of Revenue’s holdings in Schneider National were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new stake in Schneider National in the 4th quarter valued at about $29,469,000. Balyasny Asset Management L.P. purchased a new stake in shares of Schneider National in the 2nd quarter valued at approximately $26,393,000. Gotham Asset Management LLC lifted its holdings in shares of Schneider National by 396.1% in the 3rd quarter. Gotham Asset Management LLC now owns 855,802 shares of the company’s stock worth $18,109,000 after acquiring an additional 683,298 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Schneider National by 644.7% during the 2nd quarter. Quantinno Capital Management LP now owns 620,714 shares of the company’s stock worth $14,990,000 after purchasing an additional 537,364 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Schneider National during the 1st quarter worth approximately $7,477,000. 28.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America raised Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, January 9th. Zacks Research upgraded Schneider National from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a research note on Friday, March 27th. Evercore boosted their price objective on Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a report on Tuesday, January 13th. Finally, Wells Fargo & Company lowered their target price on Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.21.

Insiders Place Their Bets

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $28.89, for a total transaction of $173,340.00. Following the sale, the chief financial officer owned 66,275 shares in the company, valued at $1,914,684.75. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.64% of the stock is currently owned by company insiders.

Schneider National Stock Performance

Shares of SNDR stock opened at $30.11 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.13 and a debt-to-equity ratio of 0.13. Schneider National, Inc. has a 52 week low of $20.11 and a 52 week high of $30.98. The stock has a market capitalization of $5.28 billion, a PE ratio of 51.03, a P/E/G ratio of 0.87 and a beta of 1.05. The firm has a 50 day moving average of $27.06 and a two-hundred day moving average of $26.05.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. On average, research analysts predict that Schneider National, Inc. will post 0.86 EPS for the current fiscal year.

Schneider National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Friday, March 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s payout ratio is presently 67.80%.

Schneider National announced that its board has authorized a share buyback program on Wednesday, January 28th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About Schneider National

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.