Allspring Global Investments Holdings LLC Sells 22,491 Shares of Schneider National, Inc. (NYSE:SNDR)

Allspring Global Investments Holdings LLC cut its position in Schneider National, Inc. (NYSE:SNDR) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,721 shares of the company’s stock after selling 22,491 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.14% of Schneider National worth $6,177,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SNDR. Natixis Advisors L.P. boosted its stake in Schneider National by 3.2% in the 1st quarter. Natixis Advisors L.P. now owns 21,247 shares of the company’s stock valued at $542,000 after purchasing an additional 654 shares during the period. MetLife Investment Management LLC acquired a new position in Schneider National in the 1st quarter valued at $26,000. BlackRock Inc. raised its holdings in Schneider National by 1.8% in the 1st quarter. BlackRock Inc. now owns 4,137,866 shares of the company’s stock valued at $105,515,000 after acquiring an additional 71,701 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Schneider National by 20.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,954 shares of the company’s stock valued at $134,000 after acquiring an additional 851 shares in the last quarter. Finally, LSV Asset Management acquired a new position in Schneider National in the 1st quarter valued at $3,695,000. 28.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SNDR shares. Susquehanna dropped their price objective on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Bank of America dropped their price objective on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday. Stephens reissued an “equal weight” rating and set a $28.00 price target on shares of Schneider National in a report on Monday, February 5th. Evercore ISI cut Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 price target for the company. in a report on Thursday, January 4th. Finally, Stifel Nicolaus lowered their price target on Schneider National from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.07.

Schneider National Price Performance

Shares of SNDR opened at $20.72 on Friday. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $31.74. The business has a 50-day simple moving average of $22.77 and a two-hundred day simple moving average of $23.98. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.65 billion, a PE ratio of 15.58, a PEG ratio of 1.39 and a beta of 0.89.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company earned $0.64 EPS. Schneider National’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts anticipate that Schneider National, Inc. will post 1.13 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 8th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, March 7th. This is a positive change from Schneider National’s previous quarterly dividend of $0.09. Schneider National’s payout ratio is 28.57%.

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.