Principal Financial Group Inc. Invests $6.33 Million in Schneider National, Inc. (NYSE:SNDR)

Principal Financial Group Inc. bought a new position in Schneider National, Inc. (NYSE:SNDR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 221,685 shares of the company's stock, valued at approximately $6,327,000. Principal Financial Group Inc. owned about 0.13% of Schneider National at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company's stock valued at $91,964,000 after purchasing an additional 388,913 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Schneider National by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company's stock valued at $96,953,000 after buying an additional 228,661 shares during the period. Thrivent Financial for Lutherans boosted its stake in Schneider National by 1.1% during the second 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 stake in Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock valued at $52,334,000 after buying an additional 440,545 shares during the period. Finally, American Century Companies Inc. boosted its stake in Schneider National by 10.9% during the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company's stock valued at $46,053,000 after buying an additional 186,857 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Up 0.9 %

SNDR stock opened at $31.16 on Thursday. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $32.14. The business's 50 day moving average price is $28.63 and its two-hundred day moving average price is $25.91. 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 company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 50.26, a price-to-earnings-growth ratio of 3.67 and a beta of 0.85.

Schneider National (NYSE:SNDR - Get Free Report) last posted 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 return on equity of 3.92% and a net margin of 2.10%. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. As a group, analysts forecast that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.22%. Schneider National's dividend payout ratio (DPR) is 61.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SNDR shares. Susquehanna dropped their price objective on Schneider National from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target 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. Evercore ISI dropped their price target on 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. Bank of America raised Schneider National from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $27.00 to $34.00 in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price target on Schneider National from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $28.31.

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.