MetLife Investment Advisors LLC bought a new stake in Schneider National Inc (NYSE:SNDR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,310 shares of the company’s stock, valued at approximately $551,000.
Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Schneider National in the fourth quarter valued at approximately $175,000. Verition Fund Management LLC bought a new stake in Schneider National in the fourth quarter valued at approximately $232,000. Virtu Financial LLC bought a new stake in Schneider National in the fourth quarter valued at approximately $251,000. Neuberger Berman Group LLC bought a new stake in Schneider National in the third quarter valued at approximately $310,000. Finally, GSA Capital Partners LLP boosted its holdings in Schneider National by 64.3% in the third quarter. GSA Capital Partners LLP now owns 14,783 shares of the company’s stock valued at $374,000 after acquiring an additional 5,783 shares during the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.
Shares of SNDR opened at $27.57 on Friday. Schneider National Inc has a 52-week low of $17.69 and a 52-week high of $30.00. The company has a current ratio of 2.37, a quick ratio of 2.19 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4,819.14 and a price-to-earnings ratio of 29.33.
Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Schneider National had a return on equity of 10.24% and a net margin of 8.89%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. equities analysts predict that Schneider National Inc will post 1.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 9th. Shareholders of record on Thursday, March 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from Schneider National’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.87%. Schneider National’s payout ratio is 25.53%.
In other Schneider National news, CFO Lori A. Lutey sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $28.11, for a total value of $1,967,700.00. Following the transaction, the chief financial officer now directly owns 515,838 shares of the company’s stock, valued at $14,500,206.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. 43.46% of the stock is currently owned by insiders.
Several brokerages recently commented on SNDR. Zacks Investment Research upgraded Schneider National from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a report on Wednesday, January 10th. Credit Suisse Group upped their target price on Schneider National from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Wolfe Research cut Schneider National from a “market perform” rating to an “underperform” rating in a report on Monday, February 5th. Bank of America boosted their price target on Schneider National from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Stephens reissued a “hold” rating and issued a $29.00 price target on shares of Schneider National in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $29.80.
About Schneider National
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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