Dynamic Technology Lab Private Ltd trimmed its position in Schneider National Inc (NYSE:SNDR) by 47.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,731 shares of the company’s stock after selling 15,289 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Schneider National were worth $352,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Schneider National by 33.8% during the 4th quarter. Millennium Management LLC now owns 1,389,701 shares of the company’s stock valued at $25,946,000 after acquiring an additional 350,953 shares during the period. Morgan Stanley grew its position in shares of Schneider National by 8.7% during the 3rd quarter. Morgan Stanley now owns 4,051,825 shares of the company’s stock valued at $101,216,000 after acquiring an additional 323,800 shares during the period. BlackRock Inc. grew its position in shares of Schneider National by 25.6% during the 4th quarter. BlackRock Inc. now owns 1,757,189 shares of the company’s stock valued at $32,807,000 after acquiring an additional 358,083 shares during the period. Two Sigma Investments LP grew its position in shares of Schneider National by 51.5% during the 4th quarter. Two Sigma Investments LP now owns 822,808 shares of the company’s stock valued at $15,362,000 after acquiring an additional 279,618 shares during the period. Finally, First Quadrant L P CA grew its position in shares of Schneider National by 98.3% during the 1st quarter. First Quadrant L P CA now owns 23,629 shares of the company’s stock valued at $497,000 after acquiring an additional 11,713 shares during the period. 24.19% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on SNDR. Stephens set a $25.00 target price on shares of Schneider National and gave the company a “buy” rating in a research report on Friday, May 3rd. UBS Group set a $24.00 target price on shares of Schneider National and gave the company a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research downgraded shares of Schneider National from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Buckingham Research reduced their target price on shares of Schneider National from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Finally, ValuEngine downgraded shares of Schneider National from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Schneider National presently has an average rating of “Hold” and a consensus target price of $27.20.
Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.10). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.23 billion. Schneider National had a return on equity of 12.69% and a net margin of 5.13%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. On average, equities analysts expect that Schneider National Inc will post 1.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Friday, June 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, June 13th. Schneider National’s dividend payout ratio (DPR) is presently 15.48%.
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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, first to final mile delivery, and customized solutions for time-sensitive loads.
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