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

Associated Banc Corp lessened its stake in Schneider National, Inc. (NYSE:SNDR) by 24.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,055 shares of the company’s stock after selling 37,832 shares during the quarter. Associated Banc Corp owned approximately 0.07% of Schneider National worth $3,284,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Innealta Capital LLC bought a new position in shares of Schneider National during the 2nd quarter worth approximately $53,000. DekaBank Deutsche Girozentrale purchased a new position in Schneider National in the third quarter worth $73,000. Hilltop National Bank grew its stake in Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Schneider National during the 3rd quarter valued at $109,000. Finally, Hills Bank & Trust Co bought a new stake in shares of Schneider National during the 3rd quarter worth $112,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SNDR. Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and reduced their price target for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. Evercore ISI decreased their price target on shares of 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. Benchmark upped their price objective on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and increased their price objective for the company from $27.00 to $34.00 in a report on Thursday, November 7th. Finally, Susquehanna lowered their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Schneider National presently has an average rating of “Hold” and an average price target of $28.31.

Schneider National Stock Performance

NYSE:SNDR opened at $32.03 on Tuesday. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $32.71. The business’s fifty day moving average is $28.87 and its 200 day moving average is $26.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 51.66, a PEG ratio of 3.83 and a beta of 0.85.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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. 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. Shareholders of record on Friday, December 13th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, December 13th. Schneider National’s payout ratio is 61.29%.

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.