Macquarie Group Ltd. Sells 1,261 Shares of Schneider National, Inc. (NYSE:SNDR)

Macquarie Group Ltd. lowered its stake in shares of Schneider National, Inc. (NYSE:SNDR – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,019 shares of the company’s stock after selling 1,261 shares during the quarter. Macquarie Group Ltd. owned approximately 0.06% of Schneider National worth $2,009,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Schneider National by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,816,076 shares of the company’s stock valued at $122,810,000 after buying an additional 244,894 shares during the period. BlackRock Inc. grew its position in Schneider National by 1.8% during the first quarter. BlackRock Inc. now owns 4,137,866 shares of the company’s stock valued at $105,515,000 after buying an additional 71,701 shares during the period. AQR Capital Management LLC grew its position in Schneider National by 14.1% during the second quarter. AQR Capital Management LLC now owns 3,274,628 shares of the company’s stock valued at $72,566,000 after buying an additional 404,251 shares during the period. Dimensional Fund Advisors LP grew its position in Schneider National by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,472,818 shares of the company’s stock valued at $50,204,000 after buying an additional 141,764 shares during the period. Finally, State Street Corp grew its position in Schneider National by 12.6% during the first quarter. State Street Corp now owns 1,744,989 shares of the company’s stock valued at $44,635,000 after buying an additional 195,165 shares during the period. Institutional investors own 27.20% of the company’s stock.

Schneider National Trading Down 1.8 %

Shares of Schneider National stock opened at $27.66 on Friday. The company’s 50-day moving average price is $27.10 and its 200-day moving average price is $24.47. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 3.30 and a beta of 1.05. The company has a current ratio of 2.12, a quick ratio of 2.04 and a debt-to-equity ratio of 0.05. Schneider National, Inc. has a 12-month low of $20.26 and a 12-month high of $30.93.

Schneider National (NYSE:SNDR – Get Rating) last announced its earnings results on Thursday, February 2nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.66 billion. Schneider National had a net margin of 6.93% and a return on equity of 17.62%. Schneider National’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. On average, equities analysts expect that Schneider National, Inc. will post 2.21 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 10th will be paid a $0.09 dividend. This is an increase from Schneider National’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 9th. Schneider National’s dividend payout ratio (DPR) is currently 12.45%.

Insider Activity at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $27.00, for a total transaction of $270,000.00. Following the transaction, the insider now directly owns 124,497 shares in the company, valued at $3,361,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Schneider National news, EVP Robert M. Reich, Jr. sold 6,000 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $29.64, for a total transaction of $177,840.00. Following the transaction, the executive vice president now directly owns 93,645 shares in the company, valued at $2,775,637.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $27.00, for a total transaction of $270,000.00. Following the transaction, the insider now owns 124,497 shares in the company, valued at $3,361,419. The disclosure for this sale can be found here. 32.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on SNDR. UBS Group upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and cut their target price for the stock from $28.00 to $20.00 in a research report on Friday, November 11th. Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and increased their target price for the stock from $23.00 to $29.00 in a research report on Tuesday, January 17th. Citigroup increased their target price on shares of Schneider National from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, February 3rd. Robert W. Baird increased their target price on shares of Schneider National from $28.00 to $35.00 in a research report on Friday, February 3rd. Finally, Susquehanna lowered shares of Schneider National from a “positive” rating to a “neutral” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Monday, January 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Schneider National currently has a consensus rating of “Moderate Buy” and an average price target of $29.42.

Schneider National Profile

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Schneider National, Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering, and freight payment services. It operates through the following business segments: Truckload, Intermodal and Logistics.