Ceredex Value Advisors LLC Has $8.54 Million Stake in Schneider National, Inc. $SNDR

Ceredex Value Advisors LLC lessened its position in Schneider National, Inc. (NYSE:SNDR) by 24.6% during the third quarter, Holdings Channel reports. The institutional investor owned 403,700 shares of the company’s stock after selling 131,450 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Schneider National were worth $8,542,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SNDR. Elevation Point Wealth Partners LLC bought a new stake in Schneider National during the 2nd quarter worth about $37,000. KBC Group NV increased its position in shares of Schneider National by 86.3% in the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after acquiring an additional 1,061 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Schneider National by 136.7% during the third quarter. Hantz Financial Services Inc. now owns 8,284 shares of the company’s stock worth $175,000 after acquiring an additional 4,784 shares in the last quarter. Bank of Montreal Can bought a new stake in Schneider National during the second quarter worth about $215,000. Finally, Vise Technologies Inc. acquired a new position in Schneider National during the second quarter valued at approximately $219,000. Institutional investors own 28.54% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Darrell George Campbell sold 6,000 shares of Schneider National stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total transaction of $173,340.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.43% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on SNDR. 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. Raymond James Financial raised shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Wednesday, December 3rd. National Bank Financial set a $27.00 target price on shares of Schneider National in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a research report on Monday, December 29th. Finally, TD Cowen cut their price target on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.43.

Schneider National Trading Up 0.3%

Shares of SNDR stock opened at $25.88 on Wednesday. Schneider National, Inc. has a 12-month low of $20.11 and a 12-month high of $30.98. The company has a market capitalization of $4.54 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The firm has a 50 day moving average price of $28.58 and a two-hundred day moving average price of $25.34. The company has a quick ratio of 1.95, a current ratio of 2.13 and a debt-to-equity ratio of 0.13.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. Schneider National’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, analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National declared that its board has approved a share repurchase program on Wednesday, January 28th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board 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 issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s payout ratio is currently 64.41%.

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.