Oppenheimer & Co. Inc. Sells 5,548 Shares of Schneider National, Inc. (NYSE:SNDR)

Oppenheimer & Co. Inc. reduced its stake in Schneider National, Inc. (NYSE:SNDR) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,682 shares of the company’s stock after selling 5,548 shares during the period. Oppenheimer & Co. Inc.’s holdings in Schneider National were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SNDR. Copeland Capital Management LLC bought a new stake in shares of Schneider National in the fourth quarter valued at approximately $12,547,000. Norges Bank bought a new stake in shares of Schneider National in the fourth quarter valued at approximately $11,027,000. First Trust Advisors LP raised its position in Schneider National by 25.5% during the fourth quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock valued at $46,138,000 after purchasing an additional 368,920 shares in the last quarter. Ceredex Value Advisors LLC raised its position in Schneider National by 40.1% during the fourth quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company’s stock valued at $17,635,000 after purchasing an additional 197,750 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Schneider National by 4,602.7% during the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock valued at $3,076,000 after purchasing an additional 132,973 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors.

Schneider National Price Performance

SNDR stock opened at $24.29 on Monday. The stock has a market capitalization of $4.26 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.20 and a beta of 0.85. The company’s 50-day moving average is $22.66 and its 200-day moving average is $23.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.32. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $31.74.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business posted $0.55 EPS. Schneider National’s revenue was down 7.7% compared to the same quarter last year. Equities research analysts expect that Schneider National, Inc. will post 0.88 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, June 7th were given a $0.095 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.38 annualized dividend and a yield of 1.56%. Schneider National’s payout ratio is 43.18%.

Wall Street Analyst Weigh In

Several brokerages have commented on SNDR. Robert W. Baird lowered their price objective on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Susquehanna lowered their price target on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Bank of America lowered their price target on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Wells Fargo & Company started coverage on shares of Schneider National in a report on Friday, June 7th. They set an “equal weight” rating and a $23.00 price target for the company. Finally, Raymond James started coverage on Schneider National in a report on Wednesday, May 15th. They issued a “market perform” rating for the company. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National presently has a consensus rating of “Hold” and an average price target of $27.87.

Schneider National 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.