Park Avenue Securities LLC Decreases Stock Position in Schneider National, Inc. (NYSE:SNDR)

Park Avenue Securities LLC cut its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,036 shares of the company’s stock after selling 776 shares during the quarter. Park Avenue Securities LLC’s holdings in Schneider National were worth $504,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Schneider National by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,410,100 shares of the company’s stock worth $129,128,000 after purchasing an additional 144,133 shares during the period. Vanguard Group Inc. lifted its holdings in Schneider National by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company’s stock valued at $127,940,000 after purchasing an additional 172,418 shares in the last quarter. American Century Companies Inc. boosted its holdings in Schneider National by 14.2% in the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock worth $72,320,000 after buying an additional 306,275 shares during the last quarter. First Trust Advisors LP increased its position in shares of Schneider National by 87.8% during the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock worth $64,429,000 after purchasing an additional 1,028,789 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of Schneider National by 8.7% in the fourth quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company’s stock valued at $58,204,000 after buying an additional 158,505 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Price Performance

Shares of NYSE:SNDR opened at $24.04 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National, Inc. has a one year low of $20.59 and a one year high of $33.90. The company has a 50-day simple moving average of $23.14 and a 200-day simple moving average of $26.17. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 0.54 and a beta of 1.10.

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

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.58%. Schneider National’s dividend payout ratio is presently 54.29%.

Analyst Ratings Changes

Several equities analysts have weighed in on SNDR shares. Benchmark decreased their target price on shares of Schneider National from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Stifel Nicolaus dropped their target price on Schneider National from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group raised Schneider National from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $32.00 in a research report on Monday, June 2nd. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $23.00 in a report on Tuesday, April 8th. Finally, UBS Group decreased their price target on Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.14.

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.