Massachusetts Financial Services Co. MA Cuts Stock Position in Schneider National, Inc. (NYSE:SNDR)

Massachusetts Financial Services Co. MA lowered its position in Schneider National, Inc. (NYSE:SNDR) by 7.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,348,709 shares of the company’s stock after selling 115,634 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Schneider National were worth $32,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNDR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Schneider National in the 2nd quarter worth approximately $15,216,000. Norges Bank purchased a new stake in Schneider National during the 4th quarter worth approximately $11,027,000. Vanguard Group Inc. grew its position in Schneider National by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after purchasing an additional 388,913 shares during the last quarter. First Trust Advisors LP grew its position in Schneider National by 25.5% during the 4th quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock worth $46,138,000 after purchasing an additional 368,920 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Schneider National by 50.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 903,826 shares of the company’s stock worth $20,463,000 after purchasing an additional 304,711 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Performance

SNDR opened at $27.86 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. The firm has a fifty day moving average price of $26.66 and a 200 day moving average price of $23.84. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $28.97. The stock has a market cap of $4.88 billion, a P/E ratio of 31.66, a P/E/G ratio of 2.58 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that Schneider National, Inc. will post 0.85 earnings per share for the current year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, September 13th. Schneider National’s dividend payout ratio is currently 43.18%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNDR. Robert W. Baird boosted their target price 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. UBS Group boosted their target price 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. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Thursday, August 8th. Wells Fargo & Company initiated coverage on shares of Schneider National in a research report on Friday, June 7th. They set an “equal weight” rating and a $23.00 target price on the stock. Finally, Benchmark upped their price objective on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.00.

Insider Activity at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 55,726 shares in the company, valued at $1,538,037.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.68% of the company’s stock.

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.