Trexquant Investment LP bought a new position in shares of Schneider National Inc (NYSE:SNDR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,754 shares of the company’s stock, valued at approximately $280,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. bought a new stake in Schneider National in the 1st quarter valued at $461,000. Wells Fargo & Company MN boosted its stake in Schneider National by 32.6% in the 1st quarter. Wells Fargo & Company MN now owns 158,675 shares of the company’s stock valued at $4,136,000 after purchasing an additional 39,030 shares during the period. Delek Group Ltd. bought a new stake in Schneider National in the 4th quarter valued at $10,542,000. MetLife Investment Advisors LLC bought a new stake in Schneider National in the 4th quarter valued at $551,000. Finally, Macquarie Group Ltd. boosted its stake in Schneider National by 6.9% in the 4th quarter. Macquarie Group Ltd. now owns 96,035 shares of the company’s stock valued at $2,743,000 after purchasing an additional 6,190 shares during the period. Institutional investors own 25.49% of the company’s stock.
Shares of NYSE SNDR opened at $29.21 on Friday. Schneider National Inc has a fifty-two week low of $19.32 and a fifty-two week high of $30.32. The firm has a market capitalization of $5.07 billion and a price-to-earnings ratio of 31.07. The company has a quick ratio of 2.27, a current ratio of 2.42 and a debt-to-equity ratio of 0.22.
Schneider National (NYSE:SNDR) last released its earnings results on Thursday, April 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Schneider National had a net margin of 9.19% and a return on equity of 10.55%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. equities research analysts forecast that Schneider National Inc will post 1.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Investors of record on Friday, June 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Schneider National’s dividend payout ratio is presently 25.53%.
Several analysts recently issued reports on SNDR shares. Wolfe Research downgraded Schneider National from a “market perform” rating to an “underperform” rating in a research note on Monday, February 5th. Morgan Stanley boosted their price target on Schneider National from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Credit Suisse Group boosted their price target on Schneider National from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Stephens restated a “hold” rating and issued a $30.00 price target on shares of Schneider National in a research note on Friday, February 23rd. Finally, Robert W. Baird restated a “buy” rating and issued a $32.00 price target on shares of Schneider National in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Schneider National currently has a consensus rating of “Buy” and an average target price of $31.25.
Schneider National Company Profile
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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