QRG Capital Management Inc. Raises Stake in Schneider National, Inc. (NYSE:SNDR)

QRG Capital Management Inc. boosted its holdings in Schneider National, Inc. (NYSE:SNDR - Free Report) by 17.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,635 shares of the company's stock after buying an additional 18,692 shares during the quarter. QRG Capital Management Inc. owned 0.07% of Schneider National worth $3,614,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SNDR. Russell Investments Group Ltd. lifted its position in shares of Schneider National by 76.5% in the first quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company's stock worth $6,379,000 after purchasing an additional 122,077 shares in the last quarter. Tidal Investments LLC purchased a new stake in Schneider National in the 1st quarter worth approximately $468,000. Louisiana State Employees Retirement System purchased a new position in shares of Schneider National during the 3rd quarter valued at $648,000. BNP Paribas Financial Markets raised its holdings in shares of Schneider National by 4,602.7% during the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company's stock worth $3,076,000 after acquiring an additional 132,973 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Schneider National during the first quarter worth $489,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Schneider National Stock Performance

Shares of NYSE SNDR traded up $0.05 during mid-day trading on Thursday, reaching $30.49. 1,143,127 shares of the company's stock were exchanged, compared to its average volume of 825,776. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $31.24. The firm has a 50-day moving average price of $27.82 and a two-hundred day moving average price of $25.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.85.

Schneider National (NYSE:SNDR - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. Analysts predict that Schneider National, Inc. will post 0.84 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National's payout ratio is 58.46%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America raised Schneider National from an "underperform" rating to a "buy" rating and upped their target price for the stock from $27.00 to $34.00 in a research report on Thursday. Susquehanna reduced their price objective on shares of Schneider National from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday. Citigroup initiated coverage on shares of Schneider National in a research note on Wednesday, October 9th. They issued a "neutral" rating and a $29.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Schneider National from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group reduced their price objective on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.54.

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.