Russell Investments Group Ltd. Has $16.28 Million Stake in Schneider National, Inc. (NYSE:SNDR)

Russell Investments Group Ltd. trimmed its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 13.9% in the fourth quarter, HoldingsChannel reports. The firm owned 556,159 shares of the company’s stock after selling 89,766 shares during the period. Russell Investments Group Ltd.’s holdings in Schneider National were worth $16,284,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in shares of Schneider National by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 574,559 shares of the company’s stock worth $16,823,000 after acquiring an additional 21,017 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Schneider National by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 314,018 shares of the company’s stock worth $9,194,000 after acquiring an additional 3,223 shares during the last quarter. Huntington National Bank increased its position in shares of Schneider National by 237.9% in the 4th quarter. Huntington National Bank now owns 1,416 shares of the company’s stock valued at $41,000 after buying an additional 997 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Schneider National by 20.3% during the fourth quarter. Franklin Resources Inc. now owns 26,149 shares of the company’s stock worth $766,000 after purchasing an additional 4,415 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Schneider National by 51.6% during the 4th quarter. Alliancebernstein L.P. now owns 25,096 shares of the company’s stock worth $735,000 after buying an additional 8,541 shares during the period. 28.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SNDR has been the topic of several research reports. Bank of America restated a “neutral” rating and issued a $25.00 target price (down previously from $34.00) on shares of Schneider National in a research note on Friday, March 28th. National Bankshares set a $25.00 price objective on shares of Schneider National in a research report on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $23.00 in a research report on Tuesday. Finally, Wells Fargo & Company lowered their target price on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $27.93.

Schneider National Stock Up 10.1 %

Shares of NYSE:SNDR opened at $23.19 on Thursday. The business’s 50-day moving average is $25.19 and its 200-day moving average is $28.11. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 0.54 and a beta of 1.10. 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 issued its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) 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 last year, the firm earned $0.16 EPS. Equities research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Friday, March 14th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, March 14th. Schneider National’s dividend payout ratio (DPR) is currently 58.46%.

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.