Schneider National, Inc. (NYSE:SNDR) Shares Sold by Boxwood Ventures Inc.

Key Points

• Boxwood Ventures Inc. reduced its holdings in Schneider National, Inc. by 27.1%, owning 42,768 shares valued at approximately $981,000.
• Several institutional investors have also made significant moves, with GAMMA Investing LLC increasing its stake by 1,128.3% during the first quarter.
• Stock analysts have mixed views on Schneider National, with eight holding a "hold" rating, five a "buy" rating, and one a "strong buy," while the average price target is $27.29.

Boxwood Ventures Inc. lessened its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 27.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,768 shares of the company's stock after selling 15,865 shares during the quarter. Schneider National comprises 1.4% of Boxwood Ventures Inc.'s investment portfolio, making the stock its 19th biggest holding. Boxwood Ventures Inc.'s holdings in Schneider National were worth $981,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SNDR. PNC Financial Services Group Inc. grew its stake in shares of Schneider National by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,646 shares of the company's stock valued at $129,000 after purchasing an additional 448 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Schneider National by 4.1% in the fourth quarter. Captrust Financial Advisors now owns 22,061 shares of the company's stock valued at $646,000 after buying an additional 867 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Schneider National by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,813 shares of the company's stock valued at $82,000 after buying an additional 1,024 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in shares of Schneider National by 5.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 23,516 shares of the company's stock valued at $691,000 after buying an additional 1,223 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Schneider National in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 28.54% of the company's stock.

Schneider National Stock Down 0.8%

NYSE SNDR traded down $0.18 on Friday, hitting $23.98. 514,021 shares of the stock traded hands, compared to its average volume of 843,769. The stock has a 50-day moving average of $24.81 and a 200 day moving average of $24.74. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90. The company has a market capitalization of $4.20 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 0.76 and a beta of 1.11. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17.

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

Schneider National Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on SNDR shares. Bank of America lifted their price objective on Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Baird R W raised Schneider National to a "strong-buy" rating in a report on Tuesday, July 1st. UBS Group reduced their price objective on Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Evercore ISI reduced their price objective on Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, Benchmark reduced their price objective on Schneider National from $34.00 to $31.00 and set a "buy" rating for the company in a report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.29.

Schneider National 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.