221,685 Shares in Schneider National, Inc. (NYSE:SNDR) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 221,685 shares of the company's stock, valued at approximately $6,327,000. Principal Financial Group Inc. owned approximately 0.13% of Schneider National at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SNDR. Vanguard Group Inc. boosted its stake in shares of Schneider National by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company's stock worth $91,964,000 after buying an additional 388,913 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Schneider National by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company's stock worth $96,953,000 after purchasing an additional 228,661 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Schneider National by 1.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,865,726 shares of the company's stock valued at $69,236,000 after buying an additional 30,113 shares during the period. Earnest Partners LLC boosted its holdings in shares of Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock valued at $52,334,000 after acquiring an additional 440,545 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Schneider National by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company's stock worth $46,053,000 after buying an additional 186,857 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Schneider National Stock Up 1.1 %

SNDR traded up $0.33 during midday trading on Thursday, hitting $31.49. 137,688 shares of the company's stock traded hands, compared to its average volume of 814,760. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The company has a market cap of $5.52 billion, a PE ratio of 50.26, a price-to-earnings-growth ratio of 3.75 and a beta of 0.85. The stock's fifty day simple moving average is $28.63 and its 200-day simple moving average is $25.91. Schneider National, Inc. has a one year low of $20.50 and a one year high of $32.14.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. As a group, equities analysts anticipate 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. Investors of record on Friday, December 13th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, December 13th. Schneider National's payout ratio is 61.29%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNDR. Citigroup cut Schneider National from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. Benchmark boosted their price target on Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. TD Cowen boosted their price objective on shares of Schneider National from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. 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. Finally, JPMorgan Chase & Co. lowered their target price on Schneider National from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Schneider National has a consensus rating of "Hold" and a consensus target price of $28.31.

About Schneider National

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.