Allianz Asset Management GmbH Trims Position in Schneider National, Inc. (NYSE:SNDR)

Allianz Asset Management GmbH lessened its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 11.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,848 shares of the company's stock after selling 14,548 shares during the period. Allianz Asset Management GmbH owned about 0.07% of Schneider National worth $2,624,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in Schneider National during the first quarter valued at approximately $28,000. Huntington National Bank raised its holdings in shares of Schneider National by 237.9% during the fourth quarter. Huntington National Bank now owns 1,416 shares of the company's stock valued at $41,000 after purchasing an additional 997 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Schneider National during the fourth quarter valued at about $48,000. CIBC Private Wealth Group LLC raised its holdings in shares of Schneider National by 4,856.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company's stock worth $69,000 after acquiring an additional 2,331 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Schneider National in the 4th quarter valued at about $76,000. Institutional investors own 28.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group cut their price objective on shares of Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird initiated coverage on shares of Schneider National in a report on Tuesday, July 1st. They set an "outperform" rating and a $28.00 price objective for the company. Evercore ISI decreased their target price on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Bank of America boosted their price objective on shares of Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Baird R W raised shares of Schneider National to a "strong-buy" rating in a research note on Tuesday, July 1st. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Schneider National has a consensus rating of "Moderate Buy" and a consensus target price of $27.29.

Schneider National Stock Down 1.4%

Shares of NYSE SNDR traded down $0.34 during midday trading on Friday, hitting $24.11. The stock had a trading volume of 1,039,597 shares, compared to its average volume of 787,122. The business's 50 day moving average is $24.69 and its 200-day moving average is $24.93. The company has a market cap of $4.22 billion, a P/E ratio of 34.44, a PEG ratio of 0.74 and a beta of 1.11. Schneider National, Inc. has a 52 week low of $20.59 and a 52 week high of $33.90. The company has a quick ratio of 1.74, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National's dividend payout ratio is currently 54.29%.

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.