Maryland State Retirement & Pension System Sells 2,149 Shares of Schneider National, Inc. (NYSE:SNDR)

Maryland State Retirement & Pension System lowered its stake in Schneider National, Inc. (NYSE:SNDR) by 11.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 16,408 shares of the company’s stock after selling 2,149 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Schneider National were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Schneider National in the fourth quarter worth about $5,349,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schneider National by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company’s stock worth $408,000 after acquiring an additional 1,474 shares during the period. Woodline Partners LP bought a new position in shares of Schneider National in the fourth quarter worth about $8,453,000. New York State Teachers Retirement System boosted its stake in shares of Schneider National by 33.6% in the first quarter. New York State Teachers Retirement System now owns 18,447 shares of the company’s stock worth $422,000 after acquiring an additional 4,637 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Schneider National by 1,128.3% in the first quarter. GAMMA Investing LLC now owns 16,041 shares of the company’s stock worth $367,000 after acquiring an additional 14,735 shares during the period. Institutional investors own 28.54% of the company’s stock.

Insider Transactions at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total transaction of $891,478.56. Following the sale, the executive vice president directly owned 72,870 shares in the company, valued at $1,775,113.20. This represents a 33.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 32.68% of the stock is currently owned by company insiders.

Schneider National Price Performance

Shares of Schneider National stock opened at $24.51 on Friday. Schneider National, Inc. has a 12 month low of $20.59 and a 12 month high of $33.90. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $24.88 and a 200 day moving average of $24.52. The firm has a market cap of $4.30 billion, a PE ratio of 35.01, a PEG ratio of 0.77 and a beta of 1.11.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Schneider National had a return on equity of 4.39% and a net margin of 2.29%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, September 12th. This represents a $0.38 dividend on an annualized basis and a yield of 1.6%. Schneider National’s dividend payout ratio is 54.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America upped their price objective on Schneider National from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. UBS Group dropped their price objective on Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. 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 note on Monday, June 2nd. Evercore ISI dropped their price objective on Schneider National from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Friday, May 2nd. Finally, Robert W. Baird started coverage on Schneider National in a research note on Tuesday, July 1st. They set an “outperform” rating and a $28.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.29.

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.