Associated Banc Corp Buys New Position in Schneider National Inc (SNDR)
Associated Banc Corp bought a new stake in Schneider National Inc (NASDAQ:SNDR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,517,393 shares of the company’s stock, valued at approximately $56,314,000. Schneider National comprises 3.2% of Associated Banc Corp’s holdings, making the stock its 4th biggest holding. Associated Banc Corp owned approximately 1.42% of Schneider National as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Schneider National during the second quarter valued at about $111,000. Legal & General Group Plc bought a new stake in shares of Schneider National during the second quarter valued at about $173,000. Strs Ohio bought a new stake in shares of Schneider National during the second quarter valued at about $212,000. TD Asset Management Inc. bought a new stake in shares of Schneider National during the second quarter valued at about $683,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Schneider National during the second quarter valued at about $766,000.
A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Schneider National from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Bank of America Corporation restated a “buy” rating and set a $25.00 price objective (up from $23.00) on shares of Schneider National in a research note on Monday, July 10th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $22.63.
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Shares of Schneider National Inc (SNDR) traded down 1.28% during midday trading on Wednesday, hitting $23.08. 25,687 shares of the company were exchanged. Schneider National Inc has a one year low of $17.69 and a one year high of $23.61. The company’s 50 day moving average price is $21.80 and its 200 day moving average price is $20.64. The firm has a market cap of $4.08 billion and a P/E ratio of 1.49.
Schneider National (NASDAQ:SNDR) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts expect that Schneider National Inc will post $0.96 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, September 19th.
About Schneider National
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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