UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Schneider National, Inc. (NYSE:SNDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,474 shares of the company’s stock after buying an additional 17,573 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of Schneider National worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SNDR. Price T Rowe Associates Inc. MD grew its holdings in shares of Schneider National by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,109 shares of the company’s stock valued at $275,000 after purchasing an additional 1,699 shares in the last quarter. Comerica Bank boosted its stake in Schneider National by 11.8% during the first quarter. Comerica Bank now owns 12,283 shares of the company’s stock worth $278,000 after buying an additional 1,297 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Schneider National by 7.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,341 shares of the company’s stock worth $491,000 after buying an additional 1,435 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Schneider National by 28.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,592 shares of the company’s stock worth $425,000 after buying an additional 3,930 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in Schneider National during the second quarter worth $3,260,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction of $198,062.50. Following the sale, the chief accounting officer now owns 155,366 shares in the company, valued at approximately $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark B. Rourke sold 32,057 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,555 shares of company stock worth $1,862,611. 32.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on SNDR shares. The Goldman Sachs Group dropped their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. TD Cowen lifted their target price on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna decreased their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Bank of America lifted their target price on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.08.

Schneider National Stock Performance

SNDR stock opened at $31.62 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The business has a 50-day moving average price of $29.94 and a 200 day moving average price of $26.98. The company has a market capitalization of $5.54 billion, a P/E ratio of 51.00, a PEG ratio of 3.29 and a beta of 0.90. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $33.90.

Schneider National (NYSE:SNDR) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. As a group, equities research analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current fiscal year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.20%. Schneider National’s dividend payout ratio is presently 61.29%.

Schneider National 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.