Richard Bernstein Advisors LLC Trims Stock Holdings in Schneider National, Inc. $SNDR

Richard Bernstein Advisors LLC lessened its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 62.5% in the third quarter, Holdings Channel.com reports. The firm owned 36,335 shares of the company’s stock after selling 60,476 shares during the period. Richard Bernstein Advisors LLC’s holdings in Schneider National were worth $769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Schneider National by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,773,667 shares of the company’s stock valued at $101,010,000 after buying an additional 66,928 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Schneider National by 10.7% in the second quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock worth $95,700,000 after buying an additional 381,898 shares during the last quarter. American Century Companies Inc. boosted its stake in Schneider National by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock valued at $72,238,000 after acquiring an additional 386,340 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Schneider National during the 2nd quarter worth $26,393,000. Finally, New York State Common Retirement Fund increased its position in shares of Schneider National by 8.6% in the 2nd quarter. New York State Common Retirement Fund now owns 971,225 shares of the company’s stock worth $23,455,000 after purchasing an additional 77,170 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Stock Up 0.3%

Shares of Schneider National stock opened at $25.88 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95. Schneider National, Inc. has a 1-year low of $20.11 and a 1-year high of $30.98. The business’s fifty day moving average price is $28.58 and its two-hundred day moving average price is $25.34. The company has a market capitalization of $4.54 billion, a P/E ratio of 43.86, a PEG ratio of 0.76 and a beta of 1.06.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. As a group, research analysts forecast that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.5%. Schneider National’s dividend payout ratio is currently 64.41%.

Schneider National announced that its Board of Directors has authorized a share repurchase program on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on SNDR shares. Raymond James Financial raised shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a research note on Monday, December 29th. UBS Group reaffirmed a “neutral” rating on shares of Schneider National in a report on Friday, January 30th. Susquehanna lifted their target price on Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Benchmark reiterated a “buy” rating on shares of Schneider National in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and a consensus price target of $28.43.

Insider Transactions at Schneider National

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the transaction, the chief financial officer owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.43% of the stock is owned by corporate insiders.

About Schneider National

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.