Caxton Associates LLP bought a new stake in Schneider National, Inc. (NYSE:SNDR – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 16,110 shares of the company’s stock, valued at approximately $425,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada boosted its holdings in Schneider National by 19.1% in the 1st quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock worth $3,702,000 after buying an additional 26,015 shares during the period. Millennium Management LLC purchased a new stake in Schneider National during the first quarter valued at approximately $7,477,000. Empowered Funds LLC lifted its position in Schneider National by 12.0% in the first quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock worth $319,000 after buying an additional 1,494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Schneider National by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock worth $4,077,000 after purchasing an additional 27,180 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Schneider National by 120.5% during the first quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock valued at $2,071,000 after buying an additional 49,511 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.
Schneider National Stock Performance
Shares of Schneider National stock opened at $36.78 on Tuesday. The business’s fifty day simple moving average is $36.30 and its 200-day simple moving average is $31.13. Schneider National, Inc. has a 52 week low of $20.11 and a 52 week high of $39.27. The company has a quick ratio of 1.83, a current ratio of 1.95 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.44 billion, a PE ratio of 65.68, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17.
Schneider National Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 12th were issued a $0.10 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. Schneider National’s dividend payout ratio is presently 71.43%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Benchmark restated a “buy” rating on shares of Schneider National in a report on Thursday, July 16th. Raymond James Financial reiterated a “market perform” rating on shares of Schneider National in a research note on Monday, April 20th. Citigroup raised their price target on Schneider National from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings lowered shares of Schneider National from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Finally, UBS Group raised their price target on shares of Schneider National from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.31.
Check Out Our Latest Analysis on SNDR
Insiders Place Their Bets
In other news, EVP Shaleen Devgun sold 8,352 shares of Schneider National stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $38.59, for a total transaction of $322,303.68. Following the sale, the executive vice president owned 38,619 shares in the company, valued at approximately $1,490,307.21. The trade was a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas G. Jackson sold 20,271 shares of Schneider National stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $37.15, for a total value of $753,067.65. Following the transaction, the executive vice president directly owned 77,174 shares in the company, valued at approximately $2,867,014.10. This trade represents a 20.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 31,048 shares of company stock valued at $1,150,304. 23.64% of the stock is owned by corporate insiders.
Schneider National Company Profile
Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.
Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.
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