Metropolitan Life Insurance Co. NY lessened its stake in Schneider National Inc (NYSE:SNDR) by 32.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,259 shares of the company’s stock after selling 6,510 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Schneider National were worth $379,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of SNDR. Acadian Asset Management LLC bought a new stake in Schneider National in the 4th quarter worth approximately $175,000. Verition Fund Management LLC bought a new stake in Schneider National in the 4th quarter worth approximately $232,000. Virtu Financial LLC bought a new stake in Schneider National in the 4th quarter worth approximately $251,000. SG Americas Securities LLC bought a new stake in Schneider National in the 3rd quarter worth approximately $283,000. Finally, Neuberger Berman Group LLC bought a new stake in Schneider National in the 3rd quarter worth approximately $310,000. 24.37% of the stock is owned by institutional investors and hedge funds.
Shares of Schneider National stock opened at $27.06 on Tuesday. The firm has a market cap of $4,573.23 and a PE ratio of 28.79. Schneider National Inc has a 1-year low of $17.69 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.19 and a current ratio of 2.37.
The company also recently announced a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Thursday, March 15th were paid a dividend of $0.06 per share. This is a boost from Schneider National’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. Schneider National’s payout ratio is 25.53%.
In related news, CFO Lori A. Lutey sold 70,000 shares of Schneider National stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $28.11, for a total transaction of $1,967,700.00. Following the transaction, the chief financial officer now owns 515,838 shares in the company, valued at approximately $14,500,206.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 43.46% of the stock is currently owned by insiders.
A number of equities research analysts have commented on the stock. Stephens reaffirmed a “hold” rating and issued a $29.00 target price on shares of Schneider National in a research report on Friday, February 2nd. Robert W. Baird reiterated a “buy” rating and set a $32.00 price target on shares of Schneider National in a research note on Friday, February 2nd. Bank of America lifted their price target on shares of Schneider National from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price target on shares of Schneider National from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Credit Suisse Group lifted their price target on shares of Schneider National from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.80.
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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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