Associated Banc Corp Sells 37,832 Shares of Schneider National, Inc. (NYSE:SNDR)

Associated Banc Corp decreased its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 24.7% in the 3rd quarter, Holdings Channel reports. The firm owned 115,055 shares of the company’s stock after selling 37,832 shares during the period. Associated Banc Corp’s holdings in Schneider National were worth $3,284,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SNDR. Deprince Race & Zollo Inc. bought a new position in shares of Schneider National during the 2nd quarter valued at about $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Schneider National during the second quarter valued at approximately $15,216,000. Encompass Capital Advisors LLC purchased a new position in shares of Schneider National during the second quarter worth approximately $12,376,000. Earnest Partners LLC lifted its holdings in shares of Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after acquiring an additional 440,545 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Schneider National by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after acquiring an additional 388,913 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Schneider National Stock Performance

NYSE:SNDR opened at $32.03 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $32.71. The stock has a market cap of $5.61 billion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 3.83 and a beta of 0.85. The firm’s fifty day simple moving average is $28.87 and its 200 day simple moving average is $26.13.

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

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors 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 annualized dividend and a dividend yield of 1.19%. Schneider National’s dividend payout ratio is presently 61.29%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SNDR shares. Susquehanna reduced their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Bank of America upgraded Schneider National from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $27.00 to $34.00 in a report on Thursday, November 7th. Stifel Nicolaus increased their target price on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 11th. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. Finally, Evercore ISI lowered their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and an average target price of $28.31.

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.