Barclays PLC boosted its holdings in shares of Schneider National, Inc. (NYSE:SNDR – Get Rating) by 85.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,040 shares of the company’s stock after acquiring an additional 37,236 shares during the period. Barclays PLC’s holdings in Schneider National were worth $1,646,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of SNDR. Wasatch Advisors Inc. purchased a new stake in shares of Schneider National during the first quarter worth about $25,894,000. Earnest Partners LLC grew its holdings in shares of Schneider National by 429,550.9% during the first quarter. Earnest Partners LLC now owns 691,738 shares of the company’s stock worth $17,639,000 after buying an additional 691,577 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Schneider National by 14.1% during the second quarter. AQR Capital Management LLC now owns 3,274,628 shares of the company’s stock worth $72,566,000 after buying an additional 404,251 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Schneider National by 108.2% during the second quarter. Prudential Financial Inc. now owns 753,252 shares of the company’s stock worth $16,858,000 after buying an additional 391,471 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Schneider National by 21.8% during the first quarter. First Trust Advisors LP now owns 1,448,898 shares of the company’s stock worth $36,947,000 after buying an additional 258,986 shares in the last quarter. 27.20% of the stock is currently owned by hedge funds and other institutional investors.
Schneider National Trading Down 2.4 %
NYSE SNDR opened at $29.66 on Friday. The stock has a market cap of $5.28 billion, a P/E ratio of 11.54, a PEG ratio of 2.79 and a beta of 1.08. The company’s fifty day simple moving average is $25.07 and its 200-day simple moving average is $23.74. The company has a current ratio of 1.92, a quick ratio of 1.86 and a debt-to-equity ratio of 0.05. Schneider National, Inc. has a 52 week low of $20.26 and a 52 week high of $30.93.
Schneider National (NYSE:SNDR – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Schneider National had a net margin of 6.93% and a return on equity of 17.98%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. Equities research analysts predict that Schneider National, Inc. will post 2.19 EPS for the current fiscal year.
Schneider National Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 10th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This is a boost from Schneider National’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.21%. Schneider National’s dividend payout ratio is currently 14.01%.
Insider Activity at Schneider National
In related news, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $27.00, for a total value of $270,000.00. Following the sale, the insider now directly owns 124,497 shares of the company’s stock, valued at $3,361,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.97% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
SNDR has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Schneider National from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday. Cowen boosted their price objective on shares of Schneider National from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday. Robert W. Baird boosted their price objective on shares of Schneider National from $28.00 to $35.00 in a research note on Friday. Susquehanna downgraded shares of Schneider National from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $28.00 to $27.00 in a research note on Monday, January 9th. Finally, Benchmark boosted their price objective on shares of Schneider National from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.62.
About Schneider National
Schneider National Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering, and freight payment services. It operates through the following business segments: Truckload, Intermodal and Logistics.