GW&K Investment Management LLC Sells 158,775 Shares of Schneider National, Inc. $SNDR

GW&K Investment Management LLC reduced its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 8.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,762,277 shares of the company’s stock after selling 158,775 shares during the quarter. GW&K Investment Management LLC’s holdings in Schneider National were worth $37,289,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Royal Bank of Canada raised its stake in Schneider National by 19.1% in the 1st quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock valued at $3,702,000 after acquiring an additional 26,015 shares during the period. Millennium Management LLC bought a new position in shares of Schneider National in the first quarter valued at about $7,477,000. Empowered Funds LLC lifted its stake in shares of Schneider National by 12.0% during the 1st quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock worth $319,000 after buying an additional 1,494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Schneider National by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock worth $4,077,000 after buying an additional 27,180 shares during the period. Finally, Jane Street Group LLC grew its stake in Schneider National by 120.5% in the 1st quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock valued at $2,071,000 after buying an additional 49,511 shares during the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Trading Down 3.2%

Shares of NYSE:SNDR opened at $27.34 on Friday. The business’s 50 day simple moving average is $28.66 and its 200 day simple moving average is $25.31. Schneider National, Inc. has a 1 year low of $20.11 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95. The company has a market capitalization of $4.79 billion, a P/E ratio of 46.34, a P/E/G ratio of 0.92 and a beta of 1.06.

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

Schneider National declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Schneider National Increases Dividend

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

Insider Buying and Selling

In other news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer directly owned 66,275 shares in the company, valued at approximately $1,914,684.75. The trade was a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SNDR. Evercore raised their price objective on shares of Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, January 13th. Raymond James Financial raised Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Wednesday, December 3rd. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Friday, January 9th. Wells Fargo & Company lowered their price objective on Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. dropped their target price on Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.43.

Schneider National Company Profile

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.