17,871 Shares in Schneider National, Inc. (NYSE:SNDR) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,871 shares of the company's stock, valued at approximately $432,000.

Several other institutional investors have also recently made changes to their positions in SNDR. Deprince Race & Zollo Inc. bought a new stake in shares of Schneider National during the second quarter valued at approximately $30,072,000. Earnest Partners LLC raised its holdings in Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock worth $52,334,000 after buying an additional 440,545 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in Schneider National during the second quarter worth $12,376,000. Marshall Wace LLP bought a new position in shares of Schneider National in the second quarter valued at $259,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Schneider National by 1.1% during the second quarter. Thrivent Financial for Lutherans now owns 2,865,726 shares of the company's stock valued at $69,236,000 after buying an additional 30,113 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Insiders Place Their Bets

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was 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 owns 55,726 shares in the company, valued at approximately $1,538,037.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 32.68% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. 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. Susquehanna raised their target price on Schneider National from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday. Benchmark upped their price target on Schneider National from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Wells Fargo & Company initiated coverage on Schneider National in a research note on Friday, June 7th. They set an "equal weight" rating and a $23.00 price objective on the stock. Finally, Robert W. Baird upped 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, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Schneider National has an average rating of "Hold" and a consensus price target of $27.31.

Schneider National Stock Performance

Shares of SNDR stock traded up $0.28 on Friday, hitting $28.35. 445,411 shares of the stock were exchanged, compared to its average volume of 862,061. The firm's 50 day moving average is $27.08 and its two-hundred day moving average is $24.06. Schneider National, Inc. has a one year low of $20.50 and a one year high of $28.97. The firm has a market capitalization of $4.97 billion, a PE ratio of 32.22, 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 (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.45 earnings per share. The company's quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts expect that Schneider National, Inc. will post 0.85 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.34%. Schneider National's payout ratio is 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.