Jump Financial LLC Raises Holdings in Schneider National, Inc. (NYSE:SNDR)

Jump Financial LLC lifted its holdings in shares of Schneider National, Inc. (NYSE:SNDRFree Report) by 346.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,488 shares of the company’s stock after purchasing an additional 25,208 shares during the quarter. Jump Financial LLC’s holdings in Schneider National were worth $900,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SNDR. US Bancorp DE raised its position in Schneider National by 0.3% in the second quarter. US Bancorp DE now owns 119,477 shares of the company’s stock valued at $3,431,000 after purchasing an additional 379 shares during the period. Brinker Capital Investments LLC raised its position in Schneider National by 1.2% in the first quarter. Brinker Capital Investments LLC now owns 37,408 shares of the company’s stock valued at $954,000 after purchasing an additional 450 shares during the period. Winch Advisory Services LLC raised its position in Schneider National by 61.6% in the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock valued at $37,000 after purchasing an additional 503 shares during the period. Janiczek Wealth Management LLC raised its position in Schneider National by 3.8% in the third quarter. Janiczek Wealth Management LLC now owns 13,975 shares of the company’s stock valued at $387,000 after purchasing an additional 509 shares during the period. Finally, Lazard Asset Management LLC raised its position in Schneider National by 39.8% in the first quarter. Lazard Asset Management LLC now owns 2,226 shares of the company’s stock valued at $56,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Schneider National Stock Up 1.5 %

SNDR stock opened at $24.24 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.88 and a quick ratio of 1.69. Schneider National, Inc. has a 52-week low of $21.39 and a 52-week high of $31.74. The company has a 50-day moving average of $24.58 and a two-hundred day moving average of $26.25. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91.

Schneider National (NYSE:SNDRGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a net margin of 4.34% and a return on equity of 8.24%. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 EPS. As a group, equities research analysts anticipate that Schneider National, Inc. will post 1.21 EPS for the current year.

Schneider National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Friday, March 8th will be paid a $0.095 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from Schneider National’s previous quarterly dividend of $0.09. Schneider National’s payout ratio is 27.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SNDR. Benchmark reaffirmed a “buy” rating and set a $34.00 target price on shares of Schneider National in a research report on Tuesday, October 10th. Bank of America lowered Schneider National from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $24.00 in a research report on Friday, November 3rd. Susquehanna lifted their target price on Schneider National from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Stephens reaffirmed an “equal weight” rating and set a $28.00 target price on shares of Schneider National in a research report on Monday. Finally, The Goldman Sachs Group dropped their target price on Schneider National from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus price target of $28.79.

View Our Latest Stock Analysis on Schneider National

About Schneider National

(Free Report)

Schneider National, Inc, together with its subsidiaries, engages in the provision of surface transportation and logistics solutions in the United States, Canada, and Mexico. The company 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 equipment across either network or dedicated configurations.

Further Reading

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Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

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