Massachusetts Financial Services Co. MA Sells 483,993 Shares of Schneider National, Inc. (NYSE:SNDR)

Massachusetts Financial Services Co. MA lowered its position in Schneider National, Inc. (NYSE:SNDR) by 35.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 864,716 shares of the company’s stock after selling 483,993 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Schneider National were worth $24,679,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Deprince Race & Zollo Inc. bought a new stake in Schneider National during the second quarter valued at about $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Schneider National during the second quarter valued at about $15,216,000. Encompass Capital Advisors LLC bought a new stake in Schneider National during the second quarter valued at about $12,376,000. Earnest Partners LLC grew its holdings in Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after purchasing an additional 440,545 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Schneider National by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after purchasing an additional 388,913 shares during the period. Institutional investors own 28.54% of the company’s stock.

Schneider National Price Performance

NYSE:SNDR opened at $32.03 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $5.61 billion, a P/E ratio of 51.66, a P/E/G ratio of 3.83 and a beta of 0.85. Schneider National, Inc. has a 12 month low of $20.50 and a 12 month high of $32.71. The business’s 50-day moving average is $28.87 and its 200 day moving average is $26.13.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, equities research analysts forecast that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.19%. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNDR. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and cut their price target for the company from $32.00 to $30.00 in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price target on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 11th. Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Evercore ISI dropped their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, Benchmark upped their price objective on Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.31.

Schneider National Company 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.