Allspring Global Investments Holdings LLC Lowers Stock Position in Schneider National, Inc. (NYSE:SNDR)

Allspring Global Investments Holdings LLC lowered its position in Schneider National, Inc. (NYSE:SNDR) by 99.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,449 shares of the company’s stock after selling 190,408 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Schneider National were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDR. Innealta Capital LLC purchased a new stake in Schneider National during the second quarter worth about $53,000. Hilltop National Bank boosted its position in Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC bought a new position in Schneider National during the third quarter worth about $109,000. nVerses Capital LLC bought a new position in Schneider National during the third quarter worth about $146,000. Finally, Covestor Ltd boosted its position in Schneider National by 51.9% during the first quarter. Covestor Ltd now owns 7,661 shares of the company’s stock worth $173,000 after purchasing an additional 2,617 shares during the period. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Trading Up 1.8 %

NYSE:SNDR opened at $29.08 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $29.18. The firm has a market capitalization of $5.10 billion, a P/E ratio of 44.74, a P/E/G ratio of 2.88 and a beta of 0.85. The company has a fifty day moving average of $27.70 and a 200 day moving average of $25.14.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a yield of 1.31%. Schneider National’s dividend payout ratio (DPR) is presently 58.46%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SNDR. The Goldman Sachs Group reduced their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird boosted their price target on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. UBS Group boosted their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Evercore ISI lowered their price objective on shares of Schneider National from $28.00 to $27.00 and set an “in-line” rating for the company in a report on Thursday, October 3rd. Finally, Bank of America lowered shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price objective for the company. in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus price target of $27.08.

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.