Hsbc Holdings PLC Reduces Holdings in Schneider National, Inc. (NYSE:SNDR)

Hsbc Holdings PLC decreased its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 82.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,901 shares of the company’s stock after selling 42,970 shares during the period. Hsbc Holdings PLC’s holdings in Schneider National were worth $215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in Schneider National by 76.5% during the 1st quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock valued at $6,379,000 after acquiring an additional 122,077 shares in the last quarter. Tidal Investments LLC purchased a new stake in Schneider National in the first quarter worth $468,000. BNP Paribas Financial Markets raised its holdings in Schneider National by 4,602.7% in the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock worth $3,076,000 after purchasing an additional 132,973 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Schneider National during the first quarter valued at $489,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Schneider National by 244.5% during the 1st quarter. SG Americas Securities LLC now owns 70,335 shares of the company’s stock valued at $1,592,000 after buying an additional 49,921 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Insider Activity

In related news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the sale, the insider now owns 55,726 shares of the company’s stock, valued at $1,538,037.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 32.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SNDR shares. Bank of America lowered shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a research note on Monday, July 22nd. Susquehanna lifted their target price on shares of Schneider National from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. UBS Group upped their price target on Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Thursday, August 8th. Finally, Wells Fargo & Company assumed coverage on Schneider National in a research note on Friday, June 7th. They issued an “equal weight” rating and a $23.00 target price on the stock. 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 stock. According to data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and an average price target of $27.17.

Schneider National Trading Down 1.5 %

Schneider National stock opened at $26.98 on Friday. Schneider National, Inc. has a one year low of $20.50 and a one year high of $29.01. The business’s fifty day moving average is $27.31 and its 200 day moving average is $24.20. The stock has a market capitalization of $4.74 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted $0.45 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Schneider National, Inc. will post 0.85 EPS for the current year.

Schneider National Dividend Announcement

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 dividend on an annualized basis and a yield of 1.41%. Schneider National’s dividend payout ratio is presently 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.