Atria Investments Inc Cuts Stock Position in Schneider National, Inc. (NYSE:SNDR)

Atria Investments Inc lowered its stake in Schneider National, Inc. (NYSE:SNDR) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,395 shares of the company’s stock after selling 909 shares during the period. Atria Investments Inc’s holdings in Schneider National were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNDR. Innealta Capital LLC purchased a new position in shares of Schneider National in the 2nd quarter worth $53,000. DekaBank Deutsche Girozentrale purchased a new position in Schneider National in the third quarter worth about $73,000. Hilltop National Bank boosted its position in shares of Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after buying an additional 676 shares during the period. SG Americas Securities LLC purchased a new position in shares of Schneider National during the third quarter valued at approximately $109,000. Finally, Hills Bank & Trust Co purchased a new stake in shares of Schneider National in the third quarter valued at approximately $112,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SNDR. Evercore ISI reduced their price objective on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group cut their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Susquehanna cut their price objective on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.31.

Schneider National Stock Down 1.2 %

Schneider National stock opened at $30.21 on Friday. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $32.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm has a 50 day moving average price of $28.40 and a 200 day moving average price of $25.72. The company has a market capitalization of $5.29 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 3.80 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its 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). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Research analysts expect that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be paid a $0.095 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.26%. Schneider National’s dividend payout ratio (DPR) is 61.29%.

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.