GSA Capital Partners LLP acquired a new position in Schneider National, Inc. (NYSE:SNDR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,982 shares of the company's stock, valued at approximately $713,000.
A number of other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Schneider National by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company's stock valued at $342,000 after purchasing an additional 493 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Schneider National by 3.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company's stock worth $451,000 after acquiring an additional 618 shares in the last quarter. Hilltop National Bank raised its holdings in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company's stock valued at $74,000 after buying an additional 676 shares during the period. California State Teachers Retirement System raised its stake in shares of Schneider National by 1.7% in the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company's stock valued at $1,265,000 after acquiring an additional 958 shares during the period. Finally, Comerica Bank raised its position in Schneider National by 11.8% in the 1st quarter. Comerica Bank now owns 12,283 shares of the company's stock worth $278,000 after purchasing an additional 1,297 shares during the period. Hedge funds and other institutional investors own 28.54% of the company's stock.
Schneider National Price Performance
SNDR traded up $0.36 during trading on Monday, reaching $30.57. The company's stock had a trading volume of 84,012 shares, compared to its average volume of 818,911. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $28.40 and a two-hundred day simple moving average of $25.75. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 3.67 and a beta of 0.85. Schneider National, Inc. has a 1 year low of $20.50 and a 1 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 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 company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. As a group, analysts anticipate that Schneider National, Inc. will post 0.7 EPS for the current year.
Schneider National Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, December 13th. Schneider National's payout ratio is currently 61.29%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Schneider National from $25.00 to $27.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Citigroup lowered Schneider National from a "neutral" rating to a "sell" rating and cut their price objective for the company from $32.00 to $30.00 in a report on Tuesday, November 12th. TD Cowen upped their price target on shares of Schneider National from $28.00 to $32.00 and gave the company a "buy" rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective 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. Finally, The Goldman Sachs Group dropped their target price on Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.31.
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About Schneider National
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Free Report)
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.
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