Schneider National, Inc. (NYSE:SNDR) Position Reduced by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 1.5% during the second quarter, HoldingsChannel reports. The fund owned 69,608 shares of the company’s stock after selling 1,074 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Schneider National were worth $1,682,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SNDR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Schneider National during the 2nd quarter valued at $15,216,000. Norges Bank bought a new position in shares of Schneider National in the 4th quarter worth about $11,027,000. Vanguard Group Inc. lifted its position in shares of Schneider National by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after buying an additional 388,913 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Schneider National by 25.5% in the 4th quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock worth $46,138,000 after buying an additional 368,920 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Schneider National by 50.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 903,826 shares of the company’s stock worth $20,463,000 after buying an additional 304,711 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the completion of the transaction, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 32.68% of the company’s stock.

Schneider National Stock Down 0.2 %

Schneider National stock opened at $28.05 on Wednesday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.50 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $26.37 and its two-hundred day moving average price is $23.74. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $28.97.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. Schneider National’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. On average, analysts expect that Schneider National, Inc. will post 0.85 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.38 annualized dividend and a yield of 1.35%. Schneider National’s payout ratio is 43.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SNDR. Wells Fargo & Company began coverage on shares of Schneider National in a research report on Friday, June 7th. They issued an “equal weight” rating and a $23.00 price target on the stock. Robert W. Baird raised their price target on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Benchmark raised their price target on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. UBS Group raised their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.00.

Schneider National Company 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.