24,384 Shares in Schneider National, Inc. (NYSE:SNDR) Acquired by Concentric Capital Strategies LP

Concentric Capital Strategies LP bought a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,384 shares of the company's stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SNDR. Innealta Capital LLC acquired a new position in Schneider National during the 2nd quarter worth $53,000. DekaBank Deutsche Girozentrale acquired a new position in Schneider National during the 3rd quarter worth $73,000. SG Americas Securities LLC acquired a new position in Schneider National during the 3rd quarter worth $109,000. Hills Bank & Trust Co acquired a new position in Schneider National during the 3rd quarter worth $112,000. Finally, BNP Paribas Financial Markets boosted its position in Schneider National by 356.5% during 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 period. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Stock Performance

Schneider National stock remained flat at $31.87 during midday trading on Wednesday. The company had a trading volume of 738,898 shares, compared to its average volume of 828,362. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 51.40, a price-to-earnings-growth ratio of 3.45 and a beta of 0.90. The firm has a 50 day moving average price of $29.44 and a 200-day moving average price of $26.58.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Research analysts forecast that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio is presently 61.29%.

Analyst Ratings Changes

SNDR has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Schneider National from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Evercore ISI dropped their price objective on Schneider National from $27.00 to $26.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. Susquehanna dropped their price objective 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. Bank of America upped their price target on Schneider National from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their target price on Schneider National from $25.00 to $27.00 and gave the company a "hold" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Schneider National currently has a consensus rating of "Hold" and a consensus price target of $29.08.

Insider Transactions at Schneider National

In other news, EVP Thomas G. Jackson sold 18,248 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mark B. Rourke sold 32,057 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.83% of the company's stock.

Schneider National 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.