Louisiana State Employees Retirement System Takes $648,000 Position in Schneider National, Inc. (NYSE:SNDR)

Louisiana State Employees Retirement System purchased a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,700 shares of the company's stock, valued at approximately $648,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC raised its holdings in Schneider National by 88.1% in the 3rd quarter. Signaturefd LLC now owns 12,004 shares of the company's stock valued at $343,000 after acquiring an additional 5,623 shares in the last quarter. Copeland Capital Management LLC raised its stake in Schneider National by 0.3% in the third quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company's stock valued at $45,212,000 after purchasing an additional 4,458 shares in the last quarter. Raymond James & Associates lifted its position in Schneider National by 5.3% during the third quarter. Raymond James & Associates now owns 192,965 shares of the company's stock worth $5,507,000 after purchasing an additional 9,775 shares during the period. nVerses Capital LLC bought a new position in Schneider National in the 3rd quarter valued at about $146,000. Finally, Creative Planning raised its position in shares of Schneider National by 8.6% in the 3rd quarter. Creative Planning now owns 27,776 shares of the company's stock valued at $793,000 after buying an additional 2,205 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Stock Up 4.7 %

SNDR traded up $1.36 during midday trading on Wednesday, reaching $30.44. The company's stock had a trading volume of 1,190,815 shares, compared to its average volume of 824,301. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 2.90 and a beta of 0.85. The stock's 50-day moving average is $27.75 and its 200-day moving average is $25.19. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $30.90.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be paid 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 1.25%. Schneider National's dividend payout ratio is presently 58.46%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNDR. Susquehanna raised their price objective on Schneider National from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Bank of America lowered Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 target price for the company. in a research report on Monday, July 22nd. The Goldman Sachs Group decreased their price target on Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Benchmark upped their price objective on shares of Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, Robert W. Baird lifted their target price on shares of Schneider National from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.08.

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.