National Bank of Canada FI Buys Shares of 53,300 Schneider National, Inc. (NYSE:SNDR)

National Bank of Canada FI purchased a new stake in shares of Schneider National, Inc. (NYSE:SNDR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 53,300 shares of the company’s stock, valued at approximately $1,339,000.

A number of other hedge funds have also recently modified their holdings of SNDR. Earnest Partners LLC grew its stake in shares of Schneider National by 24.3% in the 3rd quarter. Earnest Partners LLC now owns 1,715,651 shares of the company’s stock valued at $47,506,000 after buying an additional 335,004 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Schneider National by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,641,675 shares of the company’s stock worth $45,458,000 after acquiring an additional 19,773 shares during the last quarter. New York State Common Retirement Fund increased its stake in Schneider National by 0.9% during the fourth quarter. New York State Common Retirement Fund now owns 996,414 shares of the company’s stock worth $25,359,000 after acquiring an additional 9,159 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in shares of Schneider National by 40.1% in the 4th quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company’s stock valued at $17,635,000 after purchasing an additional 197,750 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Schneider National by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 619,306 shares of the company’s stock worth $17,149,000 after purchasing an additional 9,035 shares during the period. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SNDR shares. Robert W. Baird decreased their target price on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Stephens reiterated an “equal weight” rating and issued a $28.00 target price on shares of Schneider National in a report on Monday, February 5th. Bank of America decreased their price target on Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Susquehanna dropped their price objective on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Finally, TD Cowen decreased their target price on Schneider National from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.00.

Schneider National Stock Down 0.1 %

Shares of Schneider National stock opened at $22.43 on Wednesday. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $31.74. The company has a 50 day moving average of $22.05 and a 200 day moving average of $23.30. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.94 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.93 and a beta of 0.91.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. Schneider National’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. As a group, research analysts forecast that Schneider National, Inc. will post 0.93 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be issued a $0.095 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.69%. Schneider National’s payout ratio is currently 43.18%.

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.