Pier Capital LLC trimmed its holdings in Schneider National Inc (NYSE:SNDR) by 53.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,243 shares of the company’s stock after selling 133,161 shares during the period. Pier Capital LLC owned approximately 0.07% of Schneider National worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in shares of Schneider National during the 4th quarter valued at $175,000. Pacer Advisors Inc. purchased a new position in shares of Schneider National during the 3rd quarter valued at $182,000. Verition Fund Management LLC purchased a new position in shares of Schneider National during the 4th quarter valued at $232,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Schneider National during the 3rd quarter valued at $207,000. Finally, Virtu Financial LLC purchased a new position in shares of Schneider National during the 4th quarter valued at $251,000. Institutional investors and hedge funds own 23.88% of the company’s stock.
SNDR stock opened at $27.38 on Wednesday. Schneider National Inc has a 1 year low of $17.69 and a 1 year high of $30.00. The stock has a market cap of $4,824.44 and a price-to-earnings ratio of 12.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.37 and a quick ratio of 2.19.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Thursday, March 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Schneider National’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.88%. Schneider National’s payout ratio is currently 10.81%.
A number of research analysts have recently commented on SNDR shares. Citigroup lowered shares of Schneider National from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 target price on shares of Schneider National in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Schneider National from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research report on Wednesday, January 10th. Bank of America upped their target price on shares of Schneider National from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Stephens reiterated a “hold” rating and issued a $29.00 target price on shares of Schneider National in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $29.80.
In other Schneider National news, CFO Lori A. Lutey sold 70,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $28.11, for a total value of $1,967,700.00. Following the completion of the sale, the chief financial officer now directly owns 515,838 shares of the company’s stock, valued at $14,500,206.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.46% of the company’s stock.
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Schneider National Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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