Exchange Traded Concepts LLC Grows Holdings in Schneider National, Inc. (NYSE:SNDR)

Exchange Traded Concepts LLC raised its position in Schneider National, Inc. (NYSE:SNDR) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 28,075 shares of the company’s stock after purchasing an additional 710 shares during the period. Exchange Traded Concepts LLC’s holdings in Schneider National were worth $822,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after buying an additional 450 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Schneider National during the fourth quarter worth about $59,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Schneider National during the third quarter worth about $73,000. Quarry LP purchased a new stake in shares of Schneider National during the third quarter worth about $90,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Schneider National during the third quarter worth about $109,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Insider Transactions at Schneider National

In other news, CAO Robert M. Reich, Jr. sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the transaction, the chief accounting officer now directly owns 155,366 shares in the company, valued at approximately $4,923,548.54. This represents a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mark B. Rourke sold 32,057 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the completion of the transaction, the chief operating officer now owns 266,887 shares in the company, valued at approximately $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,555 shares of company stock worth $2,153,011. 18.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group cut their target price on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus boosted their target price on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Citigroup cut shares of Schneider National from a “neutral” rating to a “sell” rating and cut their target price for the stock from $32.00 to $30.00 in a research note on Tuesday, November 12th. Susquehanna lowered their price target on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, TD Cowen boosted their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.38.

Schneider National Stock Performance

NYSE:SNDR opened at $29.78 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 48.02, a PEG ratio of 1.90 and a beta of 0.93. The company’s 50-day moving average is $30.40 and its two-hundred day moving average is $28.62. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $33.90.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. Analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, April 9th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. Schneider National’s dividend payout ratio is currently 61.29%.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.