Allspring Global Investments Holdings LLC Sells 22,491 Shares of Schneider National, Inc. (NYSE:SNDR)

Allspring Global Investments Holdings LLC trimmed its position in shares of Schneider National, Inc. (NYSE:SNDR) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 242,721 shares of the company’s stock after selling 22,491 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Schneider National were worth $6,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ceredex Value Advisors LLC boosted its holdings in shares of Schneider National by 40.1% in the fourth quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company’s stock worth $17,635,000 after acquiring an additional 197,750 shares during the period. UBS Group AG boosted its holdings in shares of Schneider National by 360.1% in the third quarter. UBS Group AG now owns 202,486 shares of the company’s stock worth $5,607,000 after acquiring an additional 158,474 shares during the period. Copeland Capital Management LLC bought a new position in shares of Schneider National in the fourth quarter worth $12,547,000. QRG Capital Management Inc. bought a new position in shares of Schneider National in the third quarter worth $2,615,000. Finally, Invesco Ltd. boosted its holdings in shares of Schneider National by 33.5% in the third quarter. Invesco Ltd. now owns 228,063 shares of the company’s stock worth $6,315,000 after acquiring an additional 57,183 shares during the period. 28.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SNDR shares. Stephens reissued an “equal weight” rating and set a $28.00 price objective on shares of Schneider National in a research note on Monday, February 5th. Bank of America dropped their price objective on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday. Robert W. Baird dropped their price objective on Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Susquehanna dropped their price objective on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Finally, Evercore ISI lowered Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 price objective for the company. in a research note on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.07.

Schneider National Trading Up 0.3 %

NYSE SNDR opened at $20.72 on Friday. The stock’s 50-day simple moving average is $22.77 and its two-hundred day simple moving average is $23.98. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $31.74. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.39 and a beta of 0.89.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.05). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Research analysts forecast that Schneider National, Inc. will post 1.13 EPS for the current fiscal year.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 8th were issued a $0.095 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.38 annualized dividend and a dividend yield of 1.83%. This is an increase from Schneider National’s previous quarterly dividend of $0.09. Schneider National’s payout ratio is currently 28.57%.

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.