State Street Corp Acquires 743,800 Shares of Schneider National, Inc. (NYSE:SNDR)

State Street Corp boosted its holdings in Schneider National, Inc. (NYSE:SNDR) by 75.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,730,769 shares of the company’s stock after acquiring an additional 743,800 shares during the period. State Street Corp owned 0.99% of Schneider National worth $49,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of Schneider National in the second quarter valued at $53,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Schneider National during the 3rd quarter worth about $73,000. Quarry LP bought a new stake in shares of Schneider National during the 3rd quarter worth about $90,000. SG Americas Securities LLC acquired a new position in Schneider National in the 3rd quarter valued at about $109,000. Finally, Hills Bank & Trust Co bought a new position in Schneider National in the 3rd quarter valued at about $112,000. Institutional investors own 28.54% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Robert M. Reich, Jr. sold 6,250 shares of the company’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 transaction, the chief accounting officer now directly owns 155,366 shares in the company, valued at approximately $4,923,548.54. This represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,555 shares of company stock valued at $1,862,611. 32.68% of the stock is currently owned by corporate insiders.

Schneider National Stock Performance

NYSE SNDR opened at $29.38 on Friday. The firm’s 50 day simple moving average is $30.23 and its 200 day simple moving average is $27.26. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 47.39, a P/E/G ratio of 3.24 and a beta of 0.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.90.

Schneider National (NYSE:SNDR) last released 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 return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. As a group, research analysts expect that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is presently 61.29%.

Wall Street Analyst Weigh In

SNDR has been the topic of several research reports. TD Cowen upped their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Susquehanna decreased their price objective on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. 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 report on Tuesday, November 26th. Benchmark upped their price target on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. One research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.08.

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.