Schwab Charles Investment Management Inc. grew its stake in shares of Schneider National Inc (NYSE:SNDR) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,151 shares of the company’s stock after acquiring an additional 16,289 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.08% of Schneider National worth $4,260,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SNDR. Engineers Gate Manager LP purchased a new position in shares of Schneider National in the third quarter worth approximately $970,000. SG Americas Securities LLC purchased a new position in shares of Schneider National in the third quarter worth approximately $283,000. Wells Fargo & Company MN boosted its holdings in shares of Schneider National by 37.7% in the third quarter. Wells Fargo & Company MN now owns 88,383 shares of the company’s stock worth $2,236,000 after buying an additional 24,208 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Schneider National in the third quarter worth approximately $607,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Schneider National in the third quarter worth approximately $608,000. 23.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Schneider National from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, January 10th. Stephens reissued a “hold” rating and issued a $30.00 price objective on shares of Schneider National in a report on Friday, February 23rd. Robert W. Baird reissued a “buy” rating and issued a $32.00 price objective on shares of Schneider National in a report on Friday, February 2nd. Bank of America raised their price objective on shares of Schneider National from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Citigroup downgraded shares of Schneider National from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Schneider National has a consensus rating of “Buy” and an average price target of $29.80.
Schneider National (NYSE:SNDR) last released its earnings results on Thursday, February 1st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Schneider National had a net margin of 8.89% and a return on equity of 10.24%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business earned $0.31 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. equities analysts forecast that Schneider National Inc will post 1.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.06 per share. This is a boost from Schneider National’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.88%. Schneider National’s dividend payout ratio (DPR) is presently 10.81%.
In other Schneider National news, CFO Lori A. Lutey sold 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $28.11, for a total transaction of $1,967,700.00. Following the sale, the chief financial officer now owns 515,838 shares in the company, valued at approximately $14,500,206.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 43.46% of the stock is currently owned by company insiders.
Schneider National Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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