Schneider National, Inc. (NYSE:SNDR) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its stake in shares of Schneider National, Inc. (NYSE:SNDR – Get Rating) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,472 shares of the company’s stock after selling 1,170 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Schneider National were worth $292,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new stake in shares of Schneider National in the third quarter valued at $191,000. Massachusetts Financial Services Co. MA grew its position in shares of Schneider National by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,430,646 shares of the company’s stock valued at $29,042,000 after purchasing an additional 29,837 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Schneider National in the third quarter valued at $534,000. Brinker Capital Investments LLC grew its position in shares of Schneider National by 1.8% in the third quarter. Brinker Capital Investments LLC now owns 38,749 shares of the company’s stock valued at $787,000 after purchasing an additional 681 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in shares of Schneider National by 4.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 507,420 shares of the company’s stock valued at $11,874,000 after purchasing an additional 20,019 shares during the period. Hedge funds and other institutional investors own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNDR. Robert W. Baird boosted their price target on Schneider National from $28.00 to $35.00 in a research report on Friday, February 3rd. Citigroup raised their price target on shares of Schneider National from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. Credit Suisse Group lifted their price target on shares of Schneider National from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Benchmark lifted their price target on shares of Schneider National from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Finally, JPMorgan Chase & Co. raised shares of Schneider National from an “underweight” rating to a “neutral” rating and set a $29.00 target price on the stock in a research report on Thursday, May 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.27.

Schneider National Price Performance

NYSE SNDR opened at $26.13 on Monday. The company has a 50 day simple moving average of $26.33 and a 200-day simple moving average of $26.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.05 and a quick ratio of 1.96. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.49 and a beta of 1.04. Schneider National, Inc. has a 52-week low of $20.26 and a 52-week high of $30.93.

Schneider National (NYSE:SNDR – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Schneider National had a return on equity of 16.82% and a net margin of 7.23%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Equities research analysts predict that Schneider National, Inc. will post 2.1 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Friday, June 9th will be given a $0.09 dividend. The ex-dividend date is Thursday, June 8th. This represents a $0.36 annualized dividend and a yield of 1.38%. Schneider National’s dividend payout ratio (DPR) is currently 13.85%.

Schneider National Profile

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Schneider National, Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering, and freight payment services. It operates through the following business segments: Truckload, Intermodal and Logistics.