Schneider National, Inc. (NYSE:SNDR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in Schneider National, Inc. (NYSE:SNDR) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,485 shares of the company’s stock after selling 6,681 shares during the quarter. JPMorgan Chase & Co.’s holdings in Schneider National were worth $1,955,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Schneider National by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock valued at $342,000 after buying an additional 493 shares during the period. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Schneider National by 1.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock valued at $1,847,000 after buying an additional 1,341 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Schneider National by 1.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company’s stock valued at $3,280,000 after buying an additional 1,424 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Schneider National by 11.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the company’s stock valued at $417,000 after buying an additional 1,465 shares during the period. Finally, Creative Planning increased its stake in Schneider National by 8.6% in the 3rd quarter. Creative Planning now owns 27,776 shares of the company’s stock valued at $793,000 after purchasing an additional 2,205 shares in the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Price Performance

SNDR stock opened at $29.79 on Thursday. The company has a fifty day moving average price of $30.50 and a 200-day moving average price of $28.40. The company has a market capitalization of $5.22 billion, a P/E ratio of 48.04, a PEG ratio of 1.90 and a beta of 0.93. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $33.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

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

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. Schneider National’s dividend payout ratio is presently 61.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price objective on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Susquehanna dropped their price objective on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus raised their price target on Schneider National from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.15.

Insiders Place Their Bets

In other news, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now owns 266,887 shares of the company’s stock, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the transaction, the insider now directly owns 95,191 shares in the company, valued at approximately $2,764,346.64. The trade was a 9.51 % decrease in their position. 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 in the last quarter. Corporate insiders own 18.83% of the company’s stock.

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.