Schneider National, Inc. (NYSE:SNDR) Position Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in Schneider National, Inc. (NYSE:SNDR) by 32.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 208,754 shares of the company’s stock after selling 100,159 shares during the period. State of Alaska Department of Revenue’s holdings in Schneider National were worth $6,111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares during the period. Blue Trust Inc. increased its position in shares of Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock worth $46,000 after acquiring an additional 1,350 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Schneider National in the 4th quarter valued at approximately $59,000. DekaBank Deutsche Girozentrale acquired a new position in Schneider National in the 3rd quarter worth approximately $73,000. Finally, Quarry LP purchased a new position in Schneider National during the 3rd quarter worth approximately $90,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Stock Performance

NYSE SNDR opened at $28.62 on Friday. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $33.90. The company has a 50 day moving average of $29.97 and a 200-day moving average of $28.82. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 44.04, a PEG ratio of 1.92 and a beta of 0.93.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the previous year, the business posted $0.16 earnings per share. On average, equities analysts forecast that Schneider National, Inc. will post 1.13 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.33%. Schneider National’s dividend payout ratio (DPR) is currently 58.46%.

Analyst Ratings Changes

SNDR has been the subject of several recent analyst reports. Stephens reiterated an “equal weight” rating and set a $30.00 price target (down previously from $32.00) on shares of Schneider National in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. TD Cowen increased their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Benchmark boosted their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI cut their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.85.

Insider Activity at Schneider National

In related news, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock valued at $2,153,011 over the last quarter. Corporate insiders own 18.83% 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.