Ceredex Value Advisors LLC Sells 131,450 Shares of Schneider National, Inc. $SNDR

Key Points

• Ceredex Value Advisors cut its stake in Schneider National by 24.6%, selling 131,450 shares and now holding 403,700 shares valued at about $8.54 million (≈0.23% of the company).
• Schneider reported weaker-than-expected quarterly results (EPS $0.13 vs. $0.21 est.; revenue $1.25B vs. $1.45B est.), but the board approved a $150M share buyback and raised the quarterly dividend to $0.10 (annualized $0.40, ~1.5% yield).
• Analysts are mixed with an average rating of "Hold" and a $28.43 target, though several firms have upgraded the stock; institutional ownership is about 28.5% and insiders hold 23.43%.

Ceredex Value Advisors LLC decreased its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 24.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,700 shares of the company's stock after selling 131,450 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.23% of Schneider National worth $8,542,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SNDR. Balyasny Asset Management L.P. bought a new stake in Schneider National during the 2nd quarter worth approximately $26,393,000. Quantinno Capital Management LP grew its holdings in shares of Schneider National by 644.7% during the second quarter. Quantinno Capital Management LP now owns 620,714 shares of the company's stock worth $14,990,000 after purchasing an additional 537,364 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Schneider National by 14.8% during the second quarter. American Century Companies Inc. now owns 2,991,213 shares of the company's stock worth $72,238,000 after purchasing an additional 386,340 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Schneider National by 10.7% in the second quarter. First Trust Advisors LP now owns 3,962,710 shares of the company's stock valued at $95,700,000 after buying an additional 381,898 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Schneider National in the first quarter valued at $7,477,000. 28.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup upgraded shares of Schneider National from a "sell" rating to a "neutral" rating and set a $27.00 price target on the stock in a research report on Monday. Raymond James Financial raised shares of Schneider National from a "market perform" rating to an "outperform" rating and set a $28.00 target price for the company in a research note on Wednesday, December 3rd. Benchmark reissued a "buy" rating on shares of Schneider National in a research note on Thursday, January 15th. Bank of America raised shares of Schneider National from a "neutral" rating to a "buy" rating and set a $32.00 price target for the company in a report on Friday, January 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Schneider National in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $28.43.

Insiders Place Their Bets

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the business's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer directly owned 66,275 shares of the company's stock, valued at approximately $1,914,684.75. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.43% of the company's stock.

Schneider National Stock Performance

SNDR stock opened at $25.88 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 2.13 and a debt-to-equity ratio of 0.13. Schneider National, Inc. has a twelve month low of $20.11 and a twelve month high of $30.98. The company has a market cap of $4.54 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The business's fifty day moving average is $28.58 and its 200-day moving average is $25.34.

Schneider National (NYSE:SNDR - Get Free Report) last posted its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Schneider National's quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Schneider National's previous quarterly dividend of $0.10. Schneider National's dividend payout ratio (DPR) is 64.41%.

Schneider National announced that its Board of Directors has approved a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Schneider National 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.

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