Inscription Capital LLC purchased a new stake in shares of Schneider National, Inc. (NYSE:SNDR – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,310 shares of the company’s stock, valued at approximately $684,000.
A number of other large investors have also modified their holdings of SNDR. Balyasny Asset Management L.P. bought a new stake in Schneider National in the 2nd quarter valued at about $26,393,000. Quantinno Capital Management LP increased its stake in shares of Schneider National by 644.7% in the second quarter. Quantinno Capital Management LP now owns 620,714 shares of the company’s stock valued at $14,990,000 after purchasing an additional 537,364 shares during the period. American Century Companies Inc. raised its holdings in shares of Schneider National by 14.8% during the second quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock valued at $72,238,000 after buying an additional 386,340 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Schneider National by 10.7% during the second quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock worth $95,700,000 after buying an additional 381,898 shares during the period. Finally, Millennium Management LLC bought a new position in Schneider National in the 1st quarter worth approximately $7,477,000. Institutional investors and hedge funds own 28.54% of the company’s stock.
Schneider National Price Performance
Shares of Schneider National stock opened at $30.34 on Thursday. Schneider National, Inc. has a 52 week low of $20.11 and a 52 week high of $31.19. The company has a current ratio of 2.11, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. The stock has a market cap of $5.32 billion, a PE ratio of 47.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.08. The company’s 50-day moving average price is $25.93 and its two-hundred day moving average price is $24.50.
Schneider National Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Friday, December 12th were issued a $0.095 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.38 annualized dividend and a dividend yield of 1.3%. Schneider National’s dividend payout ratio is currently 59.38%.
Analyst Ratings Changes
Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a research note on Monday, December 29th. TD Cowen cut their price objective on shares of Schneider National from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Benchmark reaffirmed a “buy” rating on shares of Schneider National in a report on Thursday, January 15th. Bank of America upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Friday, January 9th. Finally, Evercore ISI boosted their price target on shares of Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.80.
View Our Latest Research Report on Schneider National
Schneider National Company Profile
Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.
Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.
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