Quantinno Capital Management LP grew its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 41.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,657 shares of the company's stock after purchasing an additional 17,924 shares during the period. Quantinno Capital Management LP's holdings in Schneider National were worth $1,731,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Schneider National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company's stock worth $96,953,000 after acquiring an additional 228,661 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Schneider National by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company's stock worth $83,184,000 after acquiring an additional 48,905 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock worth $52,334,000 after acquiring an additional 440,545 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Schneider National by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company's stock worth $46,053,000 after acquiring an additional 186,857 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in shares of Schneider National by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company's stock worth $45,212,000 after acquiring an additional 4,458 shares in the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Schneider National
In related news, EVP Thomas G. Jackson sold 18,248 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the sale, the executive vice president now directly owns 66,526 shares of the company's stock, valued at $2,200,014.82. This trade represents a 21.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the sale, the chief accounting officer now directly owns 155,366 shares of the company's stock, valued at $4,923,548.54. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,555 shares of company stock valued at $1,862,611. Corporate insiders own 32.68% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on SNDR. Bank of America increased their target price on Schneider National from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group decreased their target price on Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. TD Cowen increased their target price on Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. decreased their target price on Schneider National from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Finally, Evercore ISI decreased their target price on Schneider National from $27.00 to $26.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Schneider National currently has an average rating of "Hold" and an average price target of $29.08.
Read Our Latest Stock Analysis on SNDR
Schneider National Stock Performance
Shares of SNDR stock traded up $0.07 during mid-day trading on Thursday, reaching $31.62. The stock had a trading volume of 607,342 shares, compared to its average volume of 823,882. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm's 50 day simple moving average is $29.94 and its 200 day simple moving average is $26.98. The firm has a market cap of $5.54 billion, a PE ratio of 51.00, a P/E/G ratio of 3.29 and a beta of 0.90.
Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. On average, analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current year.
Schneider National Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.20%. Schneider National's payout ratio is presently 61.29%.
About Schneider National
(
Free Report)
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.
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