Schneider National, Inc. (NYSE:SNDR) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Schneider National, Inc. (NYSE:SNDR) by 780.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,761 shares of the company’s stock after purchasing an additional 11,312 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Schneider National were worth $372,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Schneider National in the fourth quarter worth about $365,000. Kingsview Wealth Management LLC acquired a new position in shares of Schneider National during the fourth quarter worth $222,000. Copeland Capital Management LLC boosted 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 buying an additional 38,796 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after acquiring an additional 1,350 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Schneider National by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock worth $822,000 after acquiring an additional 710 shares during the period. 28.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNDR has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. TD Cowen increased their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and cut their target price for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. Bank of America increased their target price on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Evercore ISI dropped their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.85.

Schneider National Stock Performance

Shares of NYSE:SNDR opened at $26.67 on Wednesday. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $33.90. The firm’s 50 day simple moving average is $29.01 and its 200 day simple moving average is $28.92. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 41.02, a P/E/G ratio of 0.54 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter in the prior year, the business posted $0.16 earnings per share. As a group, sell-side analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be given a $0.095 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.43%. Schneider National’s payout ratio is presently 58.46%.

Insiders Place Their Bets

In related news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the sale, the insider now owns 95,191 shares of the company’s stock, valued at $2,764,346.64. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of Schneider National stock in a transaction on Wednesday, December 4th. The stock was 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. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.68% of the company’s stock.

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.