Richard Bernstein Advisors LLC Reduces Holdings in Schneider National, Inc. $SNDR

Richard Bernstein Advisors LLC lessened its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 62.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,335 shares of the company’s stock after selling 60,476 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Schneider National were worth $769,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Schneider National by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,773,667 shares of the company’s stock worth $101,010,000 after acquiring an additional 66,928 shares during the last quarter. First Trust Advisors LP increased its position in Schneider National by 10.7% during the 2nd quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock worth $95,700,000 after purchasing an additional 381,898 shares in the last quarter. American Century Companies Inc. raised its stake in Schneider National by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock valued at $72,238,000 after purchasing an additional 386,340 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Schneider National in the 2nd quarter valued at about $26,393,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Schneider National by 8.6% during the 2nd quarter. New York State Common Retirement Fund now owns 971,225 shares of the company’s stock worth $23,455,000 after purchasing an additional 77,170 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Darrell George Campbell sold 6,000 shares of Schneider National stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the sale, the chief financial officer owned 66,275 shares of the company’s stock, valued at $1,914,684.75. The trade was a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 23.43% of the company’s stock.

Wall Street Analyst Weigh In

SNDR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a research report on Monday, December 29th. Bank of America raised shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Friday, January 9th. UBS Group reiterated a “neutral” rating on shares of Schneider National in a report on Friday, January 30th. Citigroup upgraded Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price objective on the stock in a report on Monday. Finally, National Bank Financial set a $27.00 price objective on Schneider National in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and a consensus target price of $28.43.

Schneider National Trading Up 0.3%

NYSE:SNDR opened at $25.88 on Wednesday. The business’s 50-day moving average is $28.58 and its two-hundred day moving average is $25.34. The firm 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. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month 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.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. Research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National announced that its Board of Directors has initiated a share buyback program on Wednesday, January 28th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase 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 declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio (DPR) is 64.41%.

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.