Wealth Enhancement Advisory Services LLC Decreases Stake in Schneider National, Inc. (NYSE:SNDR)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 17.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,369 shares of the company’s stock after selling 3,556 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Schneider National were worth $479,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SNDR. Allspring Global Investments Holdings LLC grew its stake in Schneider National by 780.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock worth $372,000 after buying an additional 11,312 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Schneider National during the 4th quarter valued at $5,349,000. Proficio Capital Partners LLC purchased a new stake in Schneider National during the 4th quarter worth $997,000. Woodline Partners LP purchased a new stake in Schneider National during the 4th quarter worth $8,453,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Schneider National in the 4th quarter valued at $349,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Up 0.9%

SNDR stock opened at $24.43 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 firm has a 50 day simple moving average of $23.08 and a 200-day simple moving average of $26.28. The company has a market capitalization of $4.28 billion, a P/E ratio of 37.58, a PEG ratio of 0.54 and a beta of 1.10. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.43 billion. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. On average, equities research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, June 13th. Schneider National’s dividend payout ratio is currently 54.29%.

Analyst Ratings Changes

A number of brokerages have commented on SNDR. Susquehanna reduced their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Citigroup upgraded Schneider National from a “sell” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $23.00 in a report on Tuesday, April 8th. UBS Group reduced their price target on Schneider National from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. National Bankshares set a $25.00 price objective on shares of Schneider National in a research report on Friday, March 28th. Finally, The Goldman Sachs Group upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.14.

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.