Corient Private Wealth LLC Raises Stake in Schneider National, Inc. (NYSE:SNDR)

Corient Private Wealth LLC grew its holdings in Schneider National, Inc. (NYSE:SNDR) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,858 shares of the company’s stock after acquiring an additional 5,506 shares during the period. Corient Private Wealth LLC’s holdings in Schneider National were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC lifted its stake in Schneider National by 8.7% in the 4th quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company’s stock worth $58,204,000 after purchasing an additional 158,505 shares in the last quarter. State Street Corp increased its stake in Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after acquiring an additional 743,800 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Schneider National by 2.4% during the 4th quarter. Copeland Capital Management LLC now owns 1,622,974 shares of the company’s stock valued at $47,521,000 after purchasing an additional 38,796 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Schneider National by 2.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,263,770 shares of the company’s stock valued at $36,068,000 after buying an additional 34,477 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Schneider National by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 822,060 shares of the company’s stock valued at $24,070,000 after buying an additional 2,727 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Price Performance

Shares of SNDR stock opened at $23.39 on Wednesday. The company has a market cap of $4.10 billion, a P/E ratio of 35.98, a PEG ratio of 0.54 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The stock’s 50-day moving average is $27.12 and its 200 day moving average is $28.59. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $33.90.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period in the prior year, the company posted $0.16 EPS. Research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.62%. Schneider National’s dividend payout ratio is presently 58.46%.

Analyst Upgrades and Downgrades

SNDR has been the topic of a number of analyst reports. Stephens reiterated an “equal weight” rating and set a $30.00 price objective (down previously from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Bank of America upped their price target on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. decreased their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus boosted their price objective on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on Schneider National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.85.

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.