AQR Capital Management LLC Sells 162,350 Shares of Schneider National, Inc. (NYSE:SNDR)

AQR Capital Management LLC lessened its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,677,553 shares of the company's stock after selling 162,350 shares during the period. AQR Capital Management LLC owned about 0.96% of Schneider National worth $40,530,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its holdings in 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 buying an additional 618 shares during the period. Hilltop National Bank lifted its position in shares of Schneider National by 28.5% in the second quarter. Hilltop National Bank now owns 3,044 shares of the company's stock valued at $74,000 after acquiring an additional 676 shares in the last quarter. California State Teachers Retirement System lifted its stake in Schneider National by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company's stock worth $1,265,000 after purchasing an additional 958 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in Schneider National by 9.2% during the first quarter. Janiczek Wealth Management LLC now owns 14,324 shares of the company's stock worth $324,000 after purchasing an additional 1,207 shares during the period. Finally, Comerica Bank increased its stake in Schneider National by 11.8% during the first 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 own 28.54% of the company's stock.

Analyst Ratings Changes

SNDR has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on shares of Schneider National from $24.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Wells Fargo & Company assumed coverage on Schneider National in a research note on Friday, June 7th. They set an "equal weight" rating and a $23.00 target price for the company. Stifel Nicolaus downgraded shares of Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a research report on Thursday, August 8th. Susquehanna raised their target price on shares of Schneider National from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Benchmark upped their target price on shares of Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Schneider National presently has a consensus rating of "Hold" and an average price target of $27.31.

Schneider National Stock Up 1.0 %

Shares of SNDR traded up $0.28 during trading on Friday, reaching $28.35. The company's stock had a trading volume of 445,411 shares, compared to its average volume of 862,061. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $27.08 and a two-hundred day moving average of $24.06. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 2.61 and a beta of 0.85. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $28.97.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) 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 business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $0.45 EPS. The business's revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Schneider National, Inc. will post 0.85 EPS for the current fiscal year.

Schneider National Dividend Announcement

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

Insider Activity

In other news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction on 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 of the company's stock, valued at $1,538,037.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 32.68% of the company's stock.

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.