Delek Group Ltd. acquired a new stake in Schneider National Inc (NYSE:SNDR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 369,000 shares of the company’s stock, valued at approximately $10,542,000. Delek Group Ltd. owned about 0.21% of Schneider National at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of SNDR. State Street Corp purchased a new stake in shares of Schneider National during the 2nd quarter worth $4,952,000. The Manufacturers Life Insurance Company acquired a new position in Schneider National in the 2nd quarter valued at about $540,000. California State Teachers Retirement System acquired a new position in Schneider National in the 2nd quarter valued at about $1,291,000. Sei Investments Co. acquired a new position in Schneider National in the 3rd quarter valued at about $607,000. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Schneider National by 300.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 20,000 shares of the company’s stock valued at $426,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 23.88% of the company’s stock.
SNDR has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $32.00 price objective on shares of Schneider National in a research note on Friday, February 2nd. Bank of America boosted their target price on Schneider National from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stephens restated a “hold” rating and issued a $30.00 price target on shares of Schneider National in a report on Friday, February 23rd. Citigroup cut Schneider National from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, Credit Suisse Group upped their price target on Schneider National from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $29.80.
In related news, CFO Lori A. Lutey sold 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $28.11, for a total transaction of $1,967,700.00. Following the completion of 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 Securities & Exchange Commission, which is available through this link. 43.46% of the stock is currently owned by company insiders.
Shares of SNDR traded up $0.16 during midday trading on Thursday, reaching $25.74. 265,716 shares of the stock were exchanged, compared to its average volume of 676,993. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.37 and a quick ratio of 2.19. Schneider National Inc has a 12-month low of $17.69 and a 12-month high of $30.00. The company has a market capitalization of $4,546.69 and a PE ratio of 27.46.
Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Schneider National had a return on equity of 10.24% and a net margin of 8.89%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. equities research analysts expect that Schneider National Inc will post 1.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 9th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, March 14th. This is a positive change from Schneider National’s previous quarterly dividend of $0.05. Schneider National’s dividend payout ratio (DPR) is presently 25.53%.
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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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