Oppenheimer & Co. Inc. cut its position in Schneider National, Inc. (NYSE:SNDR – Free Report) by 57.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,500 shares of the company’s stock after selling 22,069 shares during the period. Oppenheimer & Co. Inc.’s holdings in Schneider National were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in Schneider National by 47.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,516 shares of the company’s stock valued at $40,000 after purchasing an additional 489 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in Schneider National during the 3rd quarter worth $46,000. Polaris Financial Partners acquired a new stake in Schneider National during the 3rd quarter worth $48,000. State of Wyoming purchased a new stake in shares of Schneider National during the first quarter worth $68,000. Finally, GAMMA Investing LLC grew its holdings in shares of Schneider National by 38.7% during the second quarter. GAMMA Investing LLC now owns 2,632 shares of the company’s stock worth $96,000 after buying an additional 734 shares in the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.
Schneider National Stock Down 5.4%
NYSE SNDR opened at $28.19 on Friday. The business’s fifty day simple moving average is $31.99 and its 200-day simple moving average is $31.90. The company has a quick ratio of 1.94, a current ratio of 2.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $4.94 billion, a PE ratio of 34.81, a P/E/G ratio of 0.64 and a beta of 1.21. Schneider National, Inc. has a 52 week low of $20.51 and a 52 week high of $39.27.
Schneider National (NYSE:SNDR – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Schneider National had a return on equity of 4.82% and a net margin of 2.38%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 EPS. As a group, equities analysts anticipate that Schneider National, Inc. will post 1.05 earnings per share for the current year.
Schneider National Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 12th. Investors of record on Friday, December 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Schneider National’s dividend payout ratio (DPR) is presently 49.38%.
Analysts Set New Price Targets
A number of brokerages have recently commented on SNDR. Benchmark reiterated a “buy” rating on shares of Schneider National in a research report on Thursday, July 16th. Wall Street Zen cut shares of Schneider National from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Zacks Research downgraded shares of Schneider National from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 7th. UBS Group decreased their target price on shares of Schneider National from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Schneider National has a consensus rating of “Hold” and an average price target of $33.08.
Get Our Latest Stock Report on SNDR
Schneider National Company Profile
Schneider National, Inc (NYSE: SNDR) is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.
Schneider’s services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.
The company primarily serves customers throughout the United States, Canada, and Mexico.
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