Nicolet Bankshares Inc. Trims Stake in Schneider National, Inc. (NYSE:SNDR)

Nicolet Bankshares Inc. cut its holdings in Schneider National, Inc. (NYSE:SNDR) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,000 shares of the company’s stock after selling 3,100 shares during the quarter. Schneider National accounts for 0.6% of Nicolet Bankshares Inc.’s investment portfolio, making the stock its 23rd largest position. Nicolet Bankshares Inc. owned about 0.06% of Schneider National worth $2,416,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SNDR. Duality Advisers LP raised its holdings in shares of Schneider National by 2.3% in the 2nd quarter. Duality Advisers LP now owns 35,429 shares of the company’s stock valued at $771,000 after buying an additional 795 shares during the period. Swiss National Bank increased its holdings in Schneider National by 1.0% during the 1st quarter. Swiss National Bank now owns 118,600 shares of the company’s stock worth $2,961,000 after purchasing an additional 1,200 shares during the period. Vident Investment Advisory LLC increased its holdings in Schneider National by 2.4% during the 1st quarter. Vident Investment Advisory LLC now owns 55,740 shares of the company’s stock worth $1,392,000 after purchasing an additional 1,289 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Schneider National by 50.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,395 shares of the company’s stock worth $96,000 after purchasing an additional 1,482 shares during the period. Finally, Miller Howard Investments Inc. NY increased its holdings in Schneider National by 1.0% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 155,431 shares of the company’s stock worth $3,384,000 after purchasing an additional 1,491 shares during the period. 25.65% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:SNDR traded down $0.28 during trading hours on Monday, reaching $22.10. 3,712 shares of the company traded hands, compared to its average volume of 538,594. The firm’s 50-day moving average is $22.01 and its 200-day moving average is $23.42. The stock has a market cap of $3.93 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.91. Schneider National, Inc. has a 1-year low of $20.20 and a 1-year high of $27.15.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, July 29th. The company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.18. Schneider National had a return on equity of 13.51% and a net margin of 5.66%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, research analysts predict that Schneider National, Inc. will post 1.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Investors of record on Friday, September 10th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, September 9th. Schneider National’s dividend payout ratio is currently 22.40%.

Several research firms have recently issued reports on SNDR. TheStreet raised Schneider National from a “c+” rating to a “b” rating in a research report on Monday, August 30th. Morgan Stanley upped their target price on Schneider National from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, August 2nd. Wells Fargo & Company decreased their target price on Schneider National from $24.00 to $21.00 and set an “underweight” rating for the company in a research report on Tuesday, July 13th. Cowen raised Schneider National from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $32.00 in a research report on Wednesday, September 15th. Finally, Credit Suisse Group set a $21.41 target price on Schneider National and gave the company a “buy” rating in a research report on Wednesday, July 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.38.

Schneider National Company Profile

Schneider National Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering and freight payment services. It operates through the following segments: Truckload, Intermodal and Logistics.

See Also: What is basic economics?

Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter.