Guggenheim Capital LLC lifted its position in shares of Schneider National Inc (NYSE:SNDR) by 178.6% in the 4th quarter, HoldingsChannel reports. The fund owned 73,750 shares of the company’s stock after buying an additional 47,283 shares during the quarter. Guggenheim Capital LLC’s holdings in Schneider National were worth $2,106,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Wisconsin Investment Board grew its position in Schneider National by 6.7% in the 4th quarter. State of Wisconsin Investment Board now owns 400,000 shares of the company’s stock worth $11,424,000 after purchasing an additional 25,000 shares during the period. Wells Fargo & Company MN grew its position in Schneider National by 37.7% in the 3rd quarter. Wells Fargo & Company MN now owns 88,383 shares of the company’s stock worth $2,236,000 after purchasing an additional 24,208 shares during the period. SG Americas Securities LLC bought a new stake in Schneider National in the 3rd quarter worth approximately $283,000. Virtus Fund Advisers LLC grew its position in Schneider National by 84.3% in the 4th quarter. Virtus Fund Advisers LLC now owns 1,584,675 shares of the company’s stock worth $45,338,000 after purchasing an additional 725,025 shares during the period. Finally, Suffolk Capital Management LLC bought a new stake in Schneider National in the 4th quarter worth approximately $600,000. 23.88% of the stock is owned by institutional investors.
Shares of SNDR stock opened at $25.85 on Monday. Schneider National Inc has a 1 year low of $17.69 and a 1 year high of $30.00. The company has a quick ratio of 2.19, a current ratio of 2.37 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4,553.77 and a PE ratio of 27.50.
Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Schneider National had a net margin of 8.89% and a return on equity of 10.24%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. sell-side analysts forecast that Schneider National Inc will post 1.4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 9th. Stockholders of record on Thursday, March 15th were given a dividend of $0.06 per share. This is an increase from Schneider National’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.93%. Schneider National’s payout ratio is presently 25.53%.
In other news, CFO Lori A. Lutey sold 70,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $28.11, for a total transaction of $1,967,700.00. Following the completion of the sale, the chief financial officer now owns 515,838 shares of the company’s stock, valued at approximately $14,500,206.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 43.46% of the company’s stock.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Schneider National from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research report on Wednesday, January 10th. Stephens reaffirmed a “hold” rating and issued a $29.00 target price on shares of Schneider National in a research report on Friday, February 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $32.00 target price on shares of Schneider National in a research report on Friday, February 2nd. Bank of America lifted their target price on shares of Schneider National from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Citigroup downgraded shares of Schneider National from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Schneider National has a consensus rating of “Buy” and a consensus price target of $29.80.
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Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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