Nuveen Asset Management LLC Sells 130,220 Shares of Schneider National, Inc. (NYSE:SNDR)

Nuveen Asset Management LLC reduced its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,652 shares of the company's stock after selling 130,220 shares during the period. Nuveen Asset Management LLC owned 0.14% of Schneider National worth $7,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Occudo Quantitative Strategies LP bought a new position in shares of Schneider National in the fourth quarter worth about $217,000. Lazard Asset Management LLC bought a new position in Schneider National in the 4th quarter worth approximately $76,000. Gotham Asset Management LLC lifted its holdings in shares of Schneider National by 34.9% during the fourth quarter. Gotham Asset Management LLC now owns 284,791 shares of the company's stock worth $8,339,000 after buying an additional 73,754 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Schneider National by 545.6% in the fourth quarter. Deutsche Bank AG now owns 3,725 shares of the company's stock valued at $109,000 after acquiring an additional 3,148 shares during the period. Finally, Crestline Management LP grew its stake in shares of Schneider National by 180.5% in the fourth quarter. Crestline Management LP now owns 61,926 shares of the company's stock worth $1,813,000 after acquiring an additional 39,848 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Analyst Upgrades and Downgrades

SNDR has been the topic of several research analyst reports. Stephens restated an "equal weight" rating and issued a $30.00 price target (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Susquehanna cut their price target on Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, March 26th. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $24.00 to $32.00 in a report on Monday. Wells Fargo & Company cut their target price on Schneider National from $32.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Finally, Benchmark decreased their price target on shares of Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $27.14.

Schneider National Trading Up 2.3%

SNDR traded up $0.55 during mid-day trading on Tuesday, reaching $23.91. The stock had a trading volume of 582,487 shares, compared to its average volume of 822,970. The stock has a market capitalization of $4.19 billion, a P/E ratio of 36.78, a P/E/G ratio of 0.54 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 debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm's fifty day simple moving average is $22.83 and its two-hundred day simple moving average is $26.59.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the business posted $0.11 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be paid a $0.095 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.59%. Schneider National's payout ratio is presently 54.29%.

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.