Schneider National, Inc. (NYSE:SNDR) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC decreased its stake in Schneider National, Inc. (NYSE:SNDR) by 5.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,901 shares of the company’s stock after selling 419 shares during the quarter. Verition Fund Management LLC’s holdings in Schneider National were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SNDR. Deprince Race & Zollo Inc. purchased a new stake in shares of Schneider National in the second quarter valued at $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Schneider National in the 2nd quarter worth about $15,216,000. Encompass Capital Advisors LLC acquired a new stake in Schneider National during the 2nd quarter worth about $12,376,000. Earnest Partners LLC grew its stake in Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after acquiring an additional 440,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 period. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Insider Transactions at Schneider National

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the sale, the chief accounting officer now owns 155,366 shares in the company, valued at approximately $4,923,548.54. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the sale, the executive vice president now owns 66,526 shares in the company, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,555 shares of company stock worth $1,862,611 over the last three months. 32.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on SNDR shares. Benchmark raised their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group decreased their target price 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. Stifel Nicolaus upped their price target on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Evercore ISI reduced their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Finally, Susquehanna dropped their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One 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, Schneider National currently has an average rating of “Hold” and a consensus target price of $29.08.

Schneider National Trading Down 1.9 %

NYSE:SNDR opened at $31.01 on Monday. The company’s 50 day moving average is $30.02 and its 200-day moving average is $27.12. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 12 month low of $20.50 and a 12 month high of $33.90. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 50.02, a P/E/G ratio of 3.24 and a beta of 0.90.

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

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is currently 61.29%.

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.