Raymond James Financial Inc. Buys Shares of 182,685 Schneider National, Inc. (NYSE:SNDR)

Raymond James Financial Inc. bought a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 182,685 shares of the company's stock, valued at approximately $5,349,000. Raymond James Financial Inc. owned 0.10% of Schneider National as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SNDR. State Street Corp increased its holdings in Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company's stock valued at $49,545,000 after buying an additional 743,800 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Schneider National during the 3rd quarter worth about $9,157,000. Principal Financial Group Inc. acquired a new stake in shares of Schneider National during the 3rd quarter valued at about $6,327,000. GW&K Investment Management LLC increased its stake in Schneider National by 8.7% in the fourth quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company's stock valued at $58,204,000 after acquiring an additional 158,505 shares during the period. Finally, Geode Capital Management LLC increased its stake in Schneider National by 18.4% in the third quarter. Geode Capital Management LLC now owns 746,272 shares of the company's stock valued at $21,305,000 after acquiring an additional 115,814 shares during the period. 28.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SNDR shares. Stifel Nicolaus lifted their price objective on Schneider National from $28.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Schneider National from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Stephens reiterated an "equal weight" rating and issued a $30.00 price target (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on Schneider National from $32.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Bank of America reaffirmed a "neutral" rating and issued a $25.00 target price (down previously from $34.00) on shares of Schneider National in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $28.69.

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Schneider National Price Performance

NYSE:SNDR traded down $0.86 during mid-day trading on Friday, reaching $22.61. 819,728 shares of the company were exchanged, compared to its average volume of 814,880. Schneider National, Inc. has a 12 month low of $20.50 and a 12 month high of $33.90. The stock has a market cap of $3.97 billion, a PE ratio of 34.79, a PEG ratio of 0.54 and a beta of 0.87. 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 company has a fifty day moving average of $26.70 and a 200 day moving average of $28.50.

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

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be issued 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 yield of 1.68%. Schneider National's dividend payout ratio is presently 58.46%.

Schneider National Company 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.