Deutsche Bank AG Has $7.42 Million Stake in Schneider National Inc (SNDR)
Deutsche Bank AG trimmed its holdings in shares of Schneider National Inc (NYSE:SNDR) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 397,570 shares of the company’s stock after selling 131,430 shares during the quarter. Deutsche Bank AG owned 0.22% of Schneider National worth $7,421,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in SNDR. First Hawaiian Bank increased its position in shares of Schneider National by 163.1% during the fourth quarter. First Hawaiian Bank now owns 3,039 shares of the company’s stock worth $57,000 after acquiring an additional 1,884 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Schneider National in the fourth quarter worth about $99,000. Jane Street Group LLC acquired a new position in Schneider National in the fourth quarter worth about $224,000. CWM LLC acquired a new position in Schneider National in the fourth quarter worth about $239,000. Finally, Parametrica Management Ltd acquired a new position in Schneider National in the fourth quarter worth about $259,000. 23.19% of the stock is currently owned by institutional investors and hedge funds.
NYSE:SNDR opened at $21.62 on Friday. The stock has a market capitalization of $3.83 billion, a P/E ratio of 13.95, a PEG ratio of 1.16 and a beta of 1.51. Schneider National Inc has a one year low of $17.56 and a one year high of $30.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.53 and a quick ratio of 2.42.
The business also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. Schneider National’s payout ratio is currently 15.48%.
In other Schneider National news, CEO Christopher B. Lofgren sold 54,005 shares of Schneider National stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $22.02, for a total value of $1,189,190.10. Following the completion of the transaction, the chief executive officer now directly owns 1,425,042 shares in the company, valued at $31,379,424.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher B. Lofgren sold 245,995 shares of Schneider National stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $21.52, for a total value of $5,293,812.40. Following the completion of the transaction, the chief executive officer now owns 1,378,534 shares of the company’s stock, valued at $29,666,051.68. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
SNDR has been the subject of a number of research reports. Bank of America upgraded Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Monday, February 4th. Buckingham Research decreased their price target on Schneider National from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. ValuEngine upgraded Schneider National from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Finally, Stephens upgraded Schneider National from an “equal weight” rating to an “overweight” rating and set a $24.00 price target for the company in a research note on Friday, January 4th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Schneider National has a consensus rating of “Hold” and a consensus price target of $27.70.
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About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.
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