Geode Capital Management LLC Buys 115,814 Shares of Schneider National, Inc. (NYSE:SNDR)

Geode Capital Management LLC boosted its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 18.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 746,272 shares of the company's stock after acquiring an additional 115,814 shares during the quarter. Geode Capital Management LLC owned 0.43% of Schneider National worth $21,305,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Schneider National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company's stock valued at $96,953,000 after acquiring an additional 228,661 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Schneider National by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company's stock worth $83,184,000 after purchasing an additional 48,905 shares during the period. Earnest Partners LLC raised its position in shares of Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock valued at $52,334,000 after purchasing an additional 440,545 shares during the period. 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 last quarter. Finally, State Street Corp increased its stake in Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company's stock worth $49,545,000 after acquiring an additional 743,800 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Insider Activity

In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the sale, the chief accounting officer now directly owns 155,366 shares of the company's stock, valued at $4,923,548.54. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the transaction, the executive vice president now directly owns 66,526 shares in the company, valued at $2,200,014.82. This trade represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,555 shares of company stock valued at $2,153,011. Corporate insiders own 32.68% of the company's stock.

Wall Street Analyst Weigh In

SNDR has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Schneider National from $25.00 to $27.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. The Goldman Sachs Group decreased their target price on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Bank of America lifted their price target on Schneider National from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. decreased their price objective on Schneider National from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Finally, TD Cowen raised their price objective on Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Schneider National currently has an average rating of "Hold" and an average target price of $29.08.

Schneider National Trading Down 0.2 %

SNDR stock traded down $0.07 during midday trading on Friday, reaching $29.54. The company's stock had a trading volume of 346,462 shares, compared to its average volume of 821,318. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.90. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 3.24 and a beta of 0.90. The stock has a fifty day simple moving average of $30.40 and a two-hundred day simple moving average of $27.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

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 the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. On average, equities research analysts predict that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio is presently 61.29%.

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.