New York State Common Retirement Fund Sells 369,170 Shares of Schneider National, Inc. (NYSE:SNDR)

New York State Common Retirement Fund trimmed its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 24.7% during the fourth quarter, HoldingsChannel reports. The fund owned 1,122,706 shares of the company’s stock after selling 369,170 shares during the quarter. New York State Common Retirement Fund’s holdings in Schneider National were worth $32,873,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its holdings in Schneider National by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock worth $83,184,000 after acquiring an additional 48,905 shares during the last quarter. State Street Corp boosted its stake in shares of Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after purchasing an additional 743,800 shares during the last quarter. Copeland Capital Management LLC boosted its stake 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 purchasing an additional 38,796 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Schneider National by 2.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,263,770 shares of the company’s stock valued at $36,068,000 after purchasing an additional 34,477 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Schneider National by 11.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,333 shares of the company’s stock valued at $23,384,000 after purchasing an additional 83,439 shares during the last quarter. 28.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SNDR has been the topic of a number of analyst reports. Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. TD Cowen upped their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus upped their price objective on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Stephens reaffirmed an “equal weight” rating and issued a $30.00 price objective (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Finally, Benchmark boosted their target price on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.85.

Schneider National Stock Performance

SNDR opened at $27.07 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $29.24 and its two-hundred day moving average price is $28.90. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $33.90. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 0.55 and a beta of 0.93.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate 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 earned $0.16 EPS. On average, analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 annualized dividend and a yield of 1.40%. Schneider National’s payout ratio is 58.46%.

Insiders Place Their Bets

In other news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares in the company, valued at $2,764,346.64. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,923,548.54. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,555 shares of company stock worth $2,153,011. Insiders own 32.68% of the company’s stock.

About Schneider National

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.