State of Alaska Department of Revenue Decreases Stake in Schneider National, Inc. $SNDR

State of Alaska Department of Revenue lessened its position in shares of Schneider National, Inc. (NYSE:SNDR) by 87.9% in the 4th quarter, HoldingsChannel reports. The fund owned 25,361 shares of the company’s stock after selling 184,356 shares during the period. State of Alaska Department of Revenue’s holdings in Schneider National were worth $672,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Deprince Race & Zollo Inc. grew its stake in shares of Schneider National by 15.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,825,534 shares of the company’s stock worth $48,431,000 after purchasing an additional 249,258 shares in the last quarter. Choreo LLC acquired a new stake in Schneider National in the fourth quarter valued at $240,000. Aaron Wealth Advisors LLC acquired a new stake in Schneider National in the fourth quarter valued at $662,000. Signaturefd LLC lifted its holdings in Schneider National by 36.3% during the 4th quarter. Signaturefd LLC now owns 6,506 shares of the company’s stock worth $173,000 after buying an additional 1,732 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Schneider National during the 4th quarter worth about $29,469,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the transaction, the chief financial officer directly owned 66,275 shares in the company, valued at approximately $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.64% of the company’s stock.

Schneider National Stock Up 0.9%

SNDR opened at $30.11 on Friday. Schneider National, Inc. has a one year low of $20.11 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The stock has a market capitalization of $5.28 billion, a P/E ratio of 51.03, a price-to-earnings-growth ratio of 0.87 and a beta of 1.05. The business’s 50-day simple moving average is $27.06 and its 200-day simple moving average is $26.05.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Analysts anticipate that Schneider National, Inc. will post 0.86 EPS for the current year.

Schneider National announced that its Board of Directors has authorized a share buyback program on Wednesday, January 28th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Schneider National Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. Schneider National’s dividend payout ratio is currently 67.80%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SNDR shares. JPMorgan Chase & Co. dropped their price objective on Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Stifel Nicolaus downgraded Schneider National from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $26.00 in a report on Tuesday, February 3rd. Susquehanna increased their price target on shares of Schneider National from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price objective on the stock in a report on Monday, March 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Schneider National has a consensus rating of “Hold” and a consensus price target of $29.21.

Schneider National Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.