State of Alaska Department of Revenue Has $8.82 Million Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

State of Alaska Department of Revenue raised its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,913 shares of the company's stock after acquiring an additional 26,829 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.18% of Schneider National worth $8,815,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Schneider National by 10.6% in 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. Dimensional Fund Advisors LP increased its stake in Schneider National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company's stock valued at $96,953,000 after purchasing an additional 228,661 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Schneider National by 1.1% in the second quarter. Thrivent Financial for Lutherans now owns 2,865,726 shares of the company's stock valued at $69,236,000 after purchasing an additional 30,113 shares during the last quarter. Earnest Partners LLC increased its stake in Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock valued at $52,334,000 after purchasing an additional 440,545 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Schneider National by 10.9% in the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company's stock valued at $46,053,000 after purchasing an additional 186,857 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Schneider National

In other news, insider Shaleen Devgun sold 10,000 shares of Schneider National 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 transaction, the insider now directly 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 32.68% of the company's stock.

Schneider National Price Performance

NYSE SNDR traded up $0.35 on Monday, reaching $28.36. 429,417 shares of the stock traded hands, compared to its average volume of 831,421. The firm's fifty day simple moving average is $27.56 and its 200 day simple moving average is $24.88. 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 market cap of $4.98 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 2.84 and a beta of 0.85. Schneider National, Inc. has a 12 month low of $20.50 and a 12 month high of $29.01.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The business 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 company's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts predict that Schneider National, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SNDR. The Goldman Sachs Group lowered their price target on Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Bank of America downgraded Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 price target for the company. in a research report on Monday, July 22nd. Stifel Nicolaus downgraded 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. Evercore ISI lowered their price target on Schneider National from $28.00 to $27.00 and set an "in-line" rating for the company in a research report on Thursday, October 3rd. Finally, UBS Group upped their target price on Schneider National from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.