Oppenheimer Asset Management Inc. Reduces Stake in Schneider National, Inc. (NYSE:SNDR)

Oppenheimer Asset Management Inc. lowered its stake in Schneider National, Inc. (NYSE:SNDR) by 17.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,263 shares of the company’s stock after selling 15,708 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Schneider National were worth $1,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in shares of Schneider National during the fourth quarter valued at approximately $29,000. Quent Capital LLC boosted its holdings in shares of Schneider National by 64.0% in the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock valued at $46,000 after purchasing an additional 708 shares during the period. Principal Securities Inc. bought a new position in Schneider National in the fourth quarter worth approximately $48,000. Quest Partners LLC bought a new position in Schneider National in the fourth quarter worth approximately $102,000. Finally, TFO Wealth Partners LLC raised its stake in Schneider National by 78,622.2% in the fourth quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company’s stock worth $180,000 after buying an additional 7,076 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price target on shares of Schneider National in a research report on Wednesday, May 15th. Raymond James initiated coverage on Schneider National in a research note on Wednesday, May 15th. They issued a “market perform” rating for the company. Robert W. Baird reduced their price objective on Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Schneider National in a research note on Tuesday, July 2nd. Finally, Susquehanna reduced their price objective on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.87.

Schneider National Stock Performance

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

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

Schneider National Dividend Announcement

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

About Schneider National

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.