Schmidt P J Investment Management Inc. Sells 32,816 Shares of Schneider National, Inc. (NYSE:SNDR)

Schmidt P J Investment Management Inc. lowered its position in shares of Schneider National, Inc. (NYSE:SNDR) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 875,783 shares of the company’s stock after selling 32,816 shares during the period. Schneider National makes up approximately 4.4% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 4th largest position. Schmidt P J Investment Management Inc.’s holdings in Schneider National were worth $25,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDR. Thrivent Financial for Lutherans boosted its holdings in Schneider National by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after purchasing an additional 48,905 shares during the period. State Street Corp grew its stake in Schneider National by 75.4% during the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after buying an additional 743,800 shares during the last quarter. Copeland Capital Management LLC increased its holdings in shares of Schneider National by 2.4% in the 4th quarter. Copeland Capital Management LLC now owns 1,622,974 shares of the company’s stock valued at $47,521,000 after acquiring an additional 38,796 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Schneider National by 16.4% in the third quarter. New York State Common Retirement Fund now owns 1,491,876 shares of the company’s stock valued at $42,578,000 after buying an additional 209,787 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Schneider National by 2.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,263,770 shares of the company’s stock valued at $36,068,000 after acquiring an additional 34,477 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Stock Performance

Schneider National stock opened at $29.69 on Thursday. The firm has a market capitalization of $5.20 billion, a PE ratio of 45.67, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90. The stock’s 50 day moving average price is $30.14 and its 200 day moving average price is $28.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter last year, the business earned $0.16 EPS. As a group, sell-side analysts expect that Schneider National, Inc. will post 1.13 EPS for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. Schneider National’s dividend payout ratio (DPR) is 58.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNDR. Citigroup cut shares of Schneider National from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $32.00 to $30.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Evercore ISI cut their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Susquehanna increased their price target on shares of Schneider National from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, TD Cowen lifted their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Schneider National has a consensus rating of “Hold” and an average target price of $30.85.

Insiders Place Their Bets

In related news, COO Mark B. Rourke sold 32,057 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the completion of the transaction, the chief operating officer now owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total transaction of $198,062.50. Following the transaction, the chief accounting officer now directly owns 155,366 shares of the company’s stock, valued at $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock valued at $2,153,011 in the last ninety days. Corporate insiders own 18.83% of the company’s stock.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.