Massachusetts Financial Services Co. MA Sells 115,634 Shares of Schneider National, Inc. (NYSE:SNDR)

Massachusetts Financial Services Co. MA cut its position in shares of Schneider National, Inc. (NYSE:SNDR) by 7.9% in the second quarter, according to the company in its most recent disclosure with the Securities and 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 owned approximately 0.77% of Schneider National worth $32,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its stake in Schneider National by 3.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock worth $451,000 after acquiring an additional 618 shares during the last quarter. Hilltop National Bank increased its position in shares of Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after purchasing an additional 676 shares during the last quarter. California State Teachers Retirement System raised its holdings in Schneider National by 1.7% during the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock valued at $1,265,000 after buying an additional 958 shares during the period. Janiczek Wealth Management LLC lifted its position in Schneider National by 9.2% in the first quarter. Janiczek Wealth Management LLC now owns 14,324 shares of the company’s stock worth $324,000 after buying an additional 1,207 shares during the last quarter. Finally, Comerica Bank boosted its stake in Schneider National by 11.8% during the first quarter. Comerica Bank now owns 12,283 shares of the company’s stock worth $278,000 after buying an additional 1,297 shares during the period. 28.54% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were 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 in the company, valued at approximately $1,538,037.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 32.68% of the company’s stock.

Schneider National Stock Performance

Shares of Schneider National stock opened at $27.86 on Friday. 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 stock’s fifty day moving average price is $26.66 and its 200-day moving average price is $23.84. The firm 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, Inc. has a 12 month low of $20.50 and a 12 month high of $28.97.

Schneider National (NYSE:SNDR) last posted its quarterly 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. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Schneider National, Inc. will post 0.85 earnings per share for the current fiscal year.

Schneider National Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Schneider National in a report on Friday, June 7th. They issued an “equal weight” rating and a $23.00 target price for the company. JPMorgan Chase & Co. boosted their target price on Schneider National from $24.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Bank of America cut Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research note on Monday, July 22nd. Robert W. Baird raised their price target on Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, UBS Group upped their price objective on Schneider National from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.00.

Schneider National 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.