Wealth Enhancement Advisory Services LLC Sells 416 Shares of Schneider National, Inc. (NYSE:SNDR)

Wealth Enhancement Advisory Services LLC reduced its stake in Schneider National, Inc. (NYSE:SNDR) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,925 shares of the company’s stock after selling 416 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Schneider National were worth $569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Schneider National by 76.5% in the first quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock worth $6,379,000 after buying an additional 122,077 shares during the period. Tidal Investments LLC bought a new stake in Schneider National during the 1st quarter worth approximately $468,000. Louisiana State Employees Retirement System purchased a new position in Schneider National during the third quarter valued at approximately $648,000. BNP Paribas Financial Markets lifted its holdings in Schneider National by 4,602.7% during the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock valued at $3,076,000 after purchasing an additional 132,973 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Schneider National in the first quarter worth approximately $489,000. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNDR. Susquehanna decreased their price objective on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup began coverage on Schneider National in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 price objective on the stock. Evercore ISI cut their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday. Robert W. Baird lifted their target price on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Bank of America upgraded Schneider National from an “underperform” rating to a “buy” rating and upped their price target for the stock from $27.00 to $34.00 in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.54.

Schneider National Trading Up 0.2 %

SNDR stock opened at $30.49 on Friday. The firm has a fifty day moving average price of $27.90 and a 200 day moving average price of $25.26. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $31.24. The firm has a market cap of $5.34 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 2.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). 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 for the quarter, compared to the consensus estimate of $1.33 billion. Sell-side analysts anticipate that Schneider National, Inc. will post 0.84 earnings per share for the current fiscal year.

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 given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.25%. Schneider National’s dividend payout ratio (DPR) is presently 58.46%.

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.