Schneider National, Inc. $SNDR Stock: Oppenheimer & Co. Inc. Cuts Position

Oppenheimer & Co. Inc. trimmed its position in shares of Schneider National, Inc. (NYSE:SNDR) by 57.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,500 shares of the company’s stock after selling 22,069 shares during the period. Oppenheimer & Co. Inc.’s holdings in Schneider National were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SNDR. EverSource Wealth Advisors LLC raised its holdings in shares of Schneider National by 47.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,516 shares of the company’s stock valued at $40,000 after purchasing an additional 489 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of Schneider National during the third quarter worth $46,000. Polaris Financial Partners acquired a new position in shares of Schneider National during the 3rd quarter worth about $48,000. State of Wyoming acquired a new position in Schneider National in the first quarter valued at approximately $68,000. Finally, GAMMA Investing LLC grew its position in shares of Schneider National by 38.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,632 shares of the company’s stock valued at $96,000 after buying an additional 734 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on SNDR shares. Benchmark reaffirmed a “buy” rating on shares of Schneider National in a research report on Thursday, July 16th. National Bank Financial set a $38.00 price target on Schneider National in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Citigroup reissued a “cautious” rating on shares of Schneider National in a research note on Wednesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.08.

Schneider National Price Performance

Shares of SNDR opened at $28.19 on Friday. Schneider National, Inc. has a twelve month low of $20.51 and a twelve month high of $39.27. The stock’s 50 day moving average is $31.99 and its two-hundred day moving average is $31.90. The firm has a market capitalization of $4.94 billion, a PE ratio of 34.81, a P/E/G ratio of 0.64 and a beta of 1.21. The company has a current ratio of 2.06, a quick ratio of 1.94 and a debt-to-equity ratio of 0.12.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Schneider National had a return on equity of 4.82% and a net margin of 2.38%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. Research analysts anticipate that Schneider National, Inc. will post 1.05 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 12th. Investors of record on Friday, December 11th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Schneider National’s payout ratio is 49.38%.

Schneider National Profile

Schneider National, Inc (NYSE: SNDR) is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider’s services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.