Earnest Partners LLC Grows Position in Schneider National, Inc. (NYSE:SNDR)

Earnest Partners LLC lifted its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 25.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,166,146 shares of the company's stock after acquiring an additional 440,545 shares during the period. Earnest Partners LLC owned approximately 1.24% of Schneider National worth $52,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SNDR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Schneider National in the second quarter worth $15,216,000. Encompass Capital Advisors LLC bought a new position in Schneider National during the second quarter worth about $12,376,000. Norges Bank acquired a new position in Schneider National in the fourth quarter valued at about $11,027,000. Vanguard Group Inc. lifted its holdings in shares of Schneider National by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company's stock valued at $91,964,000 after purchasing an additional 388,913 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Schneider National by 25.5% in the fourth quarter. First Trust Advisors LP now owns 1,812,883 shares of the company's stock valued at $46,138,000 after buying an additional 368,920 shares in the last quarter. Institutional investors own 28.54% of the company's stock.

Schneider National Price Performance

Shares of Schneider National stock traded up $0.28 on Friday, hitting $28.35. 432,822 shares of the company traded hands, compared to its average volume of 862,061. The company has a market cap of $4.97 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.61 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $28.97. The firm's 50-day simple moving average is $27.00 and its 200 day simple moving average is $24.02.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, topping 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 business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter last year, the business posted $0.45 EPS. The business's revenue was down 2.2% on a year-over-year basis. Analysts expect that Schneider National, Inc. will post 0.85 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.34%. Schneider National's dividend payout ratio (DPR) is 43.18%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Schneider National from $24.00 to $30.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Susquehanna boosted 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. Robert W. Baird lifted their target price on Schneider National from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Benchmark boosted their price objective on Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus downgraded Schneider National from a "buy" rating to a "hold" rating and set a $25.00 target price for the company. in a research note on Thursday, August 8th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.31.

Insider Transactions at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the transaction, 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 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.