Schneider National, Inc. (NYSE:SNDR) Shares Sold by DekaBank Deutsche Girozentrale

Posted by Defense World Staff on Oct 15th, 2023

DekaBank Deutsche Girozentrale trimmed its holdings in Schneider National, Inc. (NYSE:SNDR – Free Report) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,285 shares of the company’s stock after selling 1,351 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Schneider National were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. MetLife Investment Management LLC acquired a new stake in shares of Schneider National in the first quarter valued at about $26,000. Quarry LP increased its position in Schneider National by 252.2% during the first quarter. Quarry LP now owns 1,627 shares of the company’s stock worth $44,000 after purchasing an additional 1,165 shares during the last quarter. Lazard Asset Management LLC increased its position in Schneider National by 39.8% during the first quarter. Lazard Asset Management LLC now owns 2,226 shares of the company’s stock worth $56,000 after purchasing an additional 634 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Schneider National by 20.1% during the first quarter. Ronald Blue Trust Inc. now owns 3,092 shares of the company’s stock worth $72,000 after purchasing an additional 518 shares during the last quarter. Finally, Atlas Capital Advisors LLC increased its position in Schneider National by 223.0% during the second quarter. Atlas Capital Advisors LLC now owns 3,395 shares of the company’s stock worth $76,000 after purchasing an additional 2,344 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNDR has been the subject of several recent analyst reports. Citigroup cut their price objective on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, October 4th. Morgan Stanley restated an “overweight” rating and set a $36.00 price objective on shares of Schneider National in a research report on Friday, August 4th. Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Schneider National in a research report on Tuesday, October 10th. The Goldman Sachs Group increased their target price on shares of Schneider National from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, August 4th. Finally, Stifel Nicolaus increased their target price on shares of Schneider National from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Get Our Latest Stock Report on Schneider National

Schneider National Stock Down 1.3 %

Shares of Schneider National stock opened at $26.84 on Friday. Schneider National, Inc. has a 52-week low of $20.80 and a 52-week high of $31.74. The company has a 50 day moving average of $28.50 and a 200 day moving average of $27.75. The company has a quick ratio of 2.04, a current ratio of 2.18 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.75 billion, a P/E ratio of 11.67 and a beta of 1.07.

Schneider National (NYSE:SNDR – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Schneider National had a net margin of 6.84% and a return on equity of 14.64%. Schneider National’s revenue was down 22.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. As a group, research analysts forecast that Schneider National, Inc. will post 1.82 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 8th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.34%. Schneider National’s payout ratio is currently 15.65%.

Schneider National Profile

(Free Report)

Schneider National, Inc, together with its subsidiaries, engages in the provision of surface transportation and logistics solutions in the United States, Canada, and Mexico. The company 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 equipment across either network or dedicated configurations.