Principal Financial Group Inc. Acquires Shares of 221,685 Schneider National, Inc. (NYSE:SNDR)

Principal Financial Group Inc. acquired a new stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Schneider National during the third quarter valued at approximately $73,000. Quarry LP purchased a new position in shares of Schneider National during the 3rd quarter valued at about $90,000. SG Americas Securities LLC purchased a new stake in Schneider National in the third quarter worth approximately $109,000. Hills Bank & Trust Co purchased a new position in shares of Schneider National during the third quarter worth approximately $112,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Schneider National by 356.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,894 shares of the company's stock worth $140,000 after acquiring an additional 3,822 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Insiders Place Their Bets

In related news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the sale, the insider now directly owns 95,191 shares of the company's stock, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction of $198,062.50. Following the sale, the chief accounting officer now owns 155,366 shares in the company, valued at approximately $4,923,548.54. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,555 shares of company stock worth $2,153,011. Company insiders own 32.68% of the company's stock.

Schneider National Stock Performance

NYSE:SNDR traded down $0.15 during trading hours on Thursday, reaching $29.13. The company had a trading volume of 554,083 shares, compared to its average volume of 818,232. The firm's 50 day moving average price is $30.48 and its 200-day moving average price is $27.73. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 46.98, a PEG ratio of 3.24 and a beta of 0.89. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $33.90.

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). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The firm 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 of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.30%. Schneider National's dividend payout ratio is currently 61.29%.

Analysts Set New Price Targets

SNDR has been the topic of a number of analyst reports. TD Cowen lifted their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group cut their price target on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of Schneider National from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Benchmark raised their target price on Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Bank of America boosted their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $29.08.

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.