Price T Rowe Associates Inc. MD Raises Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

Price T Rowe Associates Inc. MD raised its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,467 shares of the company’s stock after purchasing an additional 1,875 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Schneider National were worth $424,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares during the last quarter. Huntington National Bank raised its position in Schneider National by 237.9% in the 4th quarter. Huntington National Bank now owns 1,416 shares of the company’s stock worth $41,000 after buying an additional 997 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Schneider National by 74.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock worth $42,000 after buying an additional 612 shares during the last quarter. Blue Trust Inc. raised its position in Schneider National by 489.1% in the 4th quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock worth $46,000 after buying an additional 1,350 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Schneider National in the 4th quarter worth about $48,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Performance

Shares of Schneider National stock opened at $24.38 on Thursday. The firm has a market cap of $4.28 billion, a P/E ratio of 37.51, a P/E/G ratio of 0.54 and a beta of 1.11. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 12 month low of $20.59 and a 12 month high of $33.90. The stock’s fifty day moving average price is $22.83 and its 200-day moving average price is $27.20.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.43 billion. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, equities research analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Schneider National’s dividend payout ratio (DPR) is 54.29%.

Analyst Upgrades and Downgrades

SNDR has been the subject of a number of recent analyst reports. Evercore ISI decreased their target price on Schneider National from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Bank of America reaffirmed a “neutral” rating and set a $25.00 price target (down previously from $34.00) on shares of Schneider National in a research report on Friday, March 28th. Stephens reaffirmed an “equal weight” rating and set a $30.00 price target (down previously from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Benchmark reduced their price target on shares of Schneider National from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.43.

Schneider National 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.