Verition Fund Management LLC Sells 419 Shares of Schneider National, Inc. (NYSE:SNDR)

Verition Fund Management LLC lessened its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,901 shares of the company’s stock after selling 419 shares during the period. Verition Fund Management LLC’s holdings in Schneider National were worth $225,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Schneider National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after buying an additional 228,661 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Schneider National by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after acquiring an additional 48,905 shares during the last quarter. Earnest Partners LLC boosted its position in shares of Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after purchasing an additional 440,545 shares in the last quarter. American Century Companies Inc. grew its stake in Schneider National by 10.9% in the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock valued at $46,053,000 after acquiring an additional 186,857 shares during the period. Finally, Copeland Capital Management LLC grew its position in shares of Schneider National by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company’s stock valued at $45,212,000 after purchasing an additional 4,458 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SNDR shares. The Goldman Sachs Group cut their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Susquehanna cut their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Benchmark lifted their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Bank of America increased their target price on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Evercore ISI decreased their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Schneider National has a consensus rating of “Hold” and an average target price of $29.08.

Insider Activity

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total transaction of $198,062.50. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. The trade was a 21.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,555 shares of company stock valued at $1,862,611 in the last ninety days. 32.68% of the stock is owned by company insiders.

Schneider National Stock Performance

Shares of Schneider National stock opened at $31.01 on Monday. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 50.02, a P/E/G ratio of 3.24 and a beta of 0.90. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $33.90. The company’s fifty day moving average is $30.02 and its 200 day moving average is $27.12. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. Sell-side analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 annualized dividend and a yield of 1.23%. Schneider National’s payout ratio is 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.