QRG Capital Management Inc. Boosts Stock Position in Schneider National, Inc. (NYSE:SNDR)

QRG Capital Management Inc. grew its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,027 shares of the company's stock after purchasing an additional 11,392 shares during the quarter. QRG Capital Management Inc. owned about 0.08% of Schneider National worth $4,041,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SNDR. Creative Planning increased its holdings in shares of Schneider National by 8.6% during the third quarter. Creative Planning now owns 27,776 shares of the company's stock valued at $793,000 after acquiring an additional 2,205 shares in the last quarter. Raymond James & Associates grew its position in Schneider National by 5.3% during the 3rd quarter. Raymond James & Associates now owns 192,965 shares of the company's stock worth $5,507,000 after purchasing an additional 9,775 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Schneider National during the 3rd quarter valued at approximately $648,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Schneider National in the third quarter worth $73,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Schneider National during the third quarter worth $391,000. 28.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Schneider National from $28.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Bank of America raised their price objective on Schneider National from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company upped their target price on Schneider National from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Susquehanna lifted their price objective on shares of Schneider National from $31.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Citigroup cut shares of Schneider National from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.85.

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Schneider National Price Performance

SNDR stock traded down $0.05 during mid-day trading on Wednesday, reaching $25.33. 665,846 shares of the company's stock were exchanged, compared to its average volume of 807,496. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 0.54 and a beta of 0.93. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The stock's 50 day moving average is $28.69 and its 200 day moving average is $28.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period in the previous year, the company posted $0.16 EPS. On average, research analysts expect that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.50%. Schneider National's dividend payout ratio (DPR) is presently 58.46%.

Insider Activity at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the transaction, the insider now directly owns 95,191 shares of the company's stock, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.68% of the stock is currently owned by corporate insiders.

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.