Mackay Shields LLC bought a new position in Schneider National Inc (NYSE:SNDR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 236,352 shares of the company’s stock, valued at approximately $4,413,000. Mackay Shields LLC owned approximately 0.13% of Schneider National as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. BOKF NA raised its holdings in shares of Schneider National by 6.4% during the 4th quarter. BOKF NA now owns 25,336 shares of the company’s stock valued at $473,000 after purchasing an additional 1,517 shares in the last quarter. First Hawaiian Bank raised its holdings in Schneider National by 163.1% in the 4th quarter. First Hawaiian Bank now owns 3,039 shares of the company’s stock worth $57,000 after acquiring an additional 1,884 shares during the period. TD Asset Management Inc. raised its holdings in Schneider National by 6.2% in the 4th quarter. TD Asset Management Inc. now owns 39,251 shares of the company’s stock worth $733,000 after acquiring an additional 2,300 shares during the period. AQR Capital Management LLC raised its holdings in Schneider National by 20.8% in the 3rd quarter. AQR Capital Management LLC now owns 19,725 shares of the company’s stock worth $493,000 after acquiring an additional 3,400 shares during the period. Finally, Quantamental Technologies LLC bought a new position in Schneider National in the 4th quarter worth $99,000. Institutional investors own 22.66% of the company’s stock.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. JPMorgan Chase & Co. downgraded shares of Schneider National from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $27.00 to $23.00 in a report on Tuesday, December 18th. Finally, Stephens upgraded shares of Schneider National from an “equal weight” rating to an “overweight” rating and set a $24.00 target price on the stock in a report on Friday, January 4th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Schneider National currently has a consensus rating of “Hold” and a consensus target price of $28.00.
Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Schneider National had a net margin of 5.40% and a return on equity of 13.57%. As a group, equities research analysts predict that Schneider National Inc will post 1.71 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 8th. Investors of record on Friday, March 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, March 14th. Schneider National’s payout ratio is 15.48%.
In other news, CEO Christopher B. Lofgren sold 245,995 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $21.52, for a total value of $5,293,812.40. Following the transaction, the chief executive officer now directly owns 1,378,534 shares of the company’s stock, valued at $29,666,051.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher B. Lofgren sold 54,005 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $22.02, for a total transaction of $1,189,190.10. Following the completion of the transaction, the chief executive officer now directly owns 1,425,042 shares in the company, valued at $31,379,424.84. The disclosure for this sale can be found here. Corporate insiders own 43.46% of the company’s stock.
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About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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