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

Barclays PLC lowered its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 59.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,118 shares of the company’s stock after selling 32,023 shares during the quarter. Barclays PLC’s holdings in Schneider National were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Schneider National by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after purchasing an additional 228,661 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Schneider National by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after buying an additional 48,905 shares during the last quarter. Earnest Partners LLC lifted its stake in Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after buying an additional 440,545 shares during the last quarter. State Street Corp boosted its holdings in shares of Schneider National by 75.4% in the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after acquiring an additional 743,800 shares during the period. Finally, Copeland Capital Management LLC grew its position in shares of Schneider National by 0.3% during the third quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company’s stock worth $45,212,000 after acquiring an additional 4,458 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Insider Buying and Selling

In other Schneider National news, COO Mark B. Rourke sold 32,057 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now owns 266,887 shares of the company’s stock, valued at approximately $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of Schneider National stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at $2,200,014.82. This trade represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,555 shares of company stock valued at $2,153,011. Corporate insiders own 32.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on SNDR shares. Benchmark upped their price target 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. Bank of America upped their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. TD Cowen upped their price objective on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Susquehanna lowered their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.15.

Schneider National Stock Performance

Shares of SNDR stock opened at $30.73 on Friday. 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 stock has a 50 day simple moving average of $30.64 and a 200-day simple moving average of $28.19. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, equities analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 13th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, December 13th. Schneider National’s dividend payout ratio is currently 61.29%.

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.