The Manufacturers Life Insurance Company increased its holdings in Schneider National Inc (NYSE:SNDR) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,207 shares of the company’s stock after purchasing an additional 6,358 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Schneider National were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. GW&K Investment Management LLC boosted its position in Schneider National by 0.4% during the 4th quarter. GW&K Investment Management LLC now owns 723,045 shares of the company’s stock valued at $20,650,000 after acquiring an additional 2,640 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in Schneider National by 1.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 153,217 shares of the company’s stock valued at $4,376,000 after acquiring an additional 2,757 shares in the last quarter. Macquarie Group Ltd. boosted its position in Schneider National by 3.9% during the 3rd quarter. Macquarie Group Ltd. now owns 89,845 shares of the company’s stock valued at $2,273,000 after acquiring an additional 3,339 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Schneider National by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 109,398 shares of the company’s stock valued at $2,768,000 after acquiring an additional 4,132 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in Schneider National by 64.3% during the 3rd quarter. GSA Capital Partners LLP now owns 14,783 shares of the company’s stock valued at $374,000 after acquiring an additional 5,783 shares in the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Lori A. Lutey sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $28.11, for a total value of $1,967,700.00. Following the completion of the transaction, the chief financial officer now directly owns 515,838 shares in the company, valued at approximately $14,500,206.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 43.46% of the stock is owned by insiders.
A number of analysts have recently commented on the company. Stephens reissued a “hold” rating and issued a $29.00 price target on shares of Schneider National in a research report on Friday, February 2nd. Robert W. Baird reissued a “buy” rating and issued a $32.00 price target on shares of Schneider National in a research report on Friday, February 2nd. Bank of America boosted their price target on Schneider National from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley boosted their price target on Schneider National from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Finally, Credit Suisse Group boosted their price target on Schneider National from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $29.80.
Shares of Schneider National Inc (SNDR) opened at $27.42 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.37 and a quick ratio of 2.19. Schneider National Inc has a 12-month low of $17.69 and a 12-month high of $30.00. The company has a market capitalization of $4,792.60 and a P/E ratio of 12.35.
Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Schneider National had a net margin of 8.89% and a return on equity of 10.24%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. research analysts predict that Schneider National Inc will post 1.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Thursday, March 15th will be issued a $0.06 dividend. This is a positive change from Schneider National’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, March 14th. Schneider National’s payout ratio is presently 10.81%.
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Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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