Schneider National, Inc. (NYSE:SNDR) Position Lessened by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 19.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,890,013 shares of the company's stock after selling 465,870 shares during the quarter. Wellington Management Group LLP owned about 1.08% of Schneider National worth $55,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vise Technologies Inc. bought a new position in shares of Schneider National during the fourth quarter valued at approximately $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Schneider National by 15.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,253 shares of the company's stock worth $4,429,000 after buying an additional 20,779 shares in the last quarter. Woodline Partners LP bought a new position in Schneider National during the 4th quarter valued at $8,453,000. Squarepoint Ops LLC bought a new position in Schneider National during the 4th quarter valued at $847,000. Finally, Two Sigma Advisers LP boosted its stake in Schneider National by 40.4% during the 4th quarter. Two Sigma Advisers LP now owns 702,900 shares of the company's stock valued at $20,581,000 after purchasing an additional 202,100 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SNDR. Citigroup raised Schneider National from a "sell" rating to a "neutral" rating and decreased their price target for the company from $25.00 to $23.00 in a research note on Tuesday, April 8th. Benchmark decreased their price target on Schneider National from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Bank of America increased their price target on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Stifel Nicolaus decreased their price target on Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Finally, Susquehanna cut their price objective on Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $26.50.

Schneider National Price Performance

Shares of NYSE:SNDR traded down $0.31 on Friday, reaching $23.15. 1,096,932 shares of the company traded hands, compared to its average volume of 823,792. The company's 50 day moving average is $22.82 and its 200-day moving average is $26.68. The stock has a market capitalization of $4.06 billion, a PE ratio of 35.62, a P/E/G ratio of 0.54 and a beta of 1.11. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.43 billion. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. As a group, analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.64%. Schneider National's payout ratio is currently 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.