Atom Investors LP Decreases Holdings in Schneider National, Inc. (NYSE:SNDR)

Atom Investors LP decreased its position in shares of Schneider National, Inc. (NYSE:SNDR) by 50.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,333 shares of the company’s stock after selling 7,597 shares during the period. Atom Investors LP’s holdings in Schneider National were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNDR. Deprince Race & Zollo Inc. purchased a new position in shares of Schneider National in the second quarter worth $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Schneider National in the second quarter worth $15,216,000. Encompass Capital Advisors LLC acquired a new stake in shares of Schneider National in the second quarter worth $12,376,000. Earnest Partners LLC increased its stake in shares of Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after acquiring an additional 440,545 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Schneider National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock worth $96,953,000 after acquiring an additional 228,661 shares during the period. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Performance

SNDR opened at $31.87 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 3.45 and a beta of 0.90. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $33.90. The firm’s fifty day simple moving average is $29.44 and its two-hundred day simple moving average is $26.58.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. Equities analysts anticipate that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, December 13th. Schneider National’s payout ratio is 61.29%.

Insider Transactions at Schneider National

In other news, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction dated 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 directly 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. Insiders own 18.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Benchmark increased their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Bank of America increased their price objective on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Susquehanna cut their price objective on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and dropped their price target for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Schneider National presently has an average rating of “Hold” and a consensus target price of $29.08.

Schneider National Company Profile

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.