Schneider National, Inc. (NYSE:SNDR) Holdings Decreased by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. reduced its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 908,599 shares of the company's stock after selling 65,200 shares during the quarter. Schneider National accounts for about 4.5% of Schmidt P J Investment Management Inc.'s investment portfolio, making the stock its 4th largest holding. Schmidt P J Investment Management Inc. owned about 0.52% of Schneider National worth $25,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Deprince Race & Zollo Inc. bought a new position in Schneider National during the 2nd quarter worth approximately $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Schneider National during the second quarter worth $15,216,000. Encompass Capital Advisors LLC acquired a new position in Schneider National in the second quarter worth $12,376,000. Earnest Partners LLC boosted its holdings in Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock worth $52,334,000 after purchasing an additional 440,545 shares during the period. Finally, Vanguard Group Inc. increased its stake in Schneider National by 10.6% during the first 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 during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Price Performance

Shares of NYSE SNDR traded up $0.29 during mid-day trading on Friday, reaching $28.02. 407,719 shares of the company traded hands, compared to its average volume of 833,363. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $29.01. The firm has a market cap of $4.92 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.84 and a beta of 0.85. The stock has a fifty day simple moving average of $27.53 and a 200-day simple moving average of $24.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46.

Schneider National (NYSE:SNDR - Get Free Report) last issued 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. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Equities research analysts anticipate that Schneider National, Inc. will post 0.84 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, September 13th. Schneider National's dividend payout ratio (DPR) is presently 43.18%.

Insider Buying and Selling at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of Schneider National 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 transaction, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 32.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Benchmark lifted their target price on Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a research note 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 report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on Schneider National from $24.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Citigroup assumed coverage on Schneider National in a research note on Wednesday, October 9th. They issued a "neutral" rating and a $29.00 target price on the stock. Finally, The Goldman Sachs Group lowered their price target on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.