Dimensional Fund Advisors LP Increases Stake in Schneider National, Inc. (NYSE:SNDR)

Dimensional Fund Advisors LP increased its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,013,001 shares of the company's stock after acquiring an additional 228,661 shares during the quarter. Dimensional Fund Advisors LP owned 2.29% of Schneider National worth $96,953,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SNDR. CANADA LIFE ASSURANCE Co raised its position in shares of Schneider National by 3.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company's stock worth $451,000 after purchasing an additional 618 shares during the period. Hilltop National Bank grew its holdings in shares of Schneider National by 28.5% during the second 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 last quarter. California State Teachers Retirement System increased its position in shares of Schneider National by 1.7% during the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company's stock worth $1,265,000 after acquiring an additional 958 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of Schneider National by 9.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 14,324 shares of the company's stock worth $324,000 after acquiring an additional 1,207 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of 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 acquiring an additional 1,297 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SNDR. JPMorgan Chase & Co. boosted their price objective on Schneider National from $24.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Susquehanna raised their price objective on Schneider National from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Bank of America lowered shares of Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 target price for the company. in a research note on Monday, July 22nd. UBS Group raised their price target on shares of Schneider National from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, July 9th. Finally, Stifel Nicolaus downgraded shares of Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.00.

Insiders Place Their Bets

In other news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the completion of the sale, the insider now directly owns 55,726 shares in the company, valued at $1,538,037.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 32.68% of the company's stock.

Schneider National Stock Performance

NYSE SNDR traded down $0.48 during trading on Wednesday, hitting $27.87. 485,713 shares of the company's stock traded hands, compared to its average volume of 866,897. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.57 and a beta of 0.85. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $28.97. The business has a 50 day moving average of $26.86 and a 200-day moving average of $23.96.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Schneider National, Inc. will post 0.85 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, September 13th. Schneider National's dividend payout ratio (DPR) is presently 43.18%.

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.