Victory Capital Management Inc. Reduces Stake in Schneider National, Inc. (NYSE:SNDR)

Victory Capital Management Inc. reduced its holdings in shares of Schneider National, Inc. (NYSE:SNDRFree Report) by 42.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,807 shares of the company’s stock after selling 41,889 shares during the quarter. Victory Capital Management Inc.’s holdings in Schneider National were worth $1,573,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SNDR. Thrivent Financial for Lutherans purchased a new position in Schneider National in the second quarter valued at approximately $49,649,000. Wasatch Advisors Inc. acquired a new stake in Schneider National during the 1st quarter worth $25,894,000. Earnest Partners LLC lifted its position in Schneider National by 429,550.9% in the first quarter. Earnest Partners LLC now owns 691,738 shares of the company’s stock valued at $17,639,000 after acquiring an additional 691,577 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Schneider National by 268.6% in the first quarter. Envestnet Asset Management Inc. now owns 946,658 shares of the company’s stock valued at $7,132,000 after acquiring an additional 689,803 shares during the last quarter. Finally, Norges Bank acquired a new position in Schneider National in the fourth quarter valued at $14,200,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Schneider National Stock Performance

NYSE SNDR opened at $24.32 on Friday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.32 and a beta of 0.91. The business’s 50 day moving average is $24.63 and its two-hundred day moving average is $26.16. Schneider National, Inc. has a 12-month low of $21.39 and a 12-month high of $31.74. The company has a current ratio of 1.88, a quick ratio of 1.69 and a debt-to-equity ratio of 0.07.

Schneider National (NYSE:SNDRGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). Schneider National had a return on equity of 8.24% and a net margin of 4.34%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company earned $0.64 EPS. The company’s revenue was down 12.2% on a year-over-year basis. Research analysts expect that Schneider National, Inc. will post 1.18 EPS for the current year.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Friday, March 8th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.38 dividend on an annualized basis and a yield of 1.56%. This is an increase from Schneider National’s previous quarterly dividend of $0.09. Schneider National’s payout ratio is currently 27.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Schneider National from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Susquehanna raised their target price on shares of Schneider National from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Wells Fargo & Company upgraded shares of Schneider National from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $23.00 to $25.00 in a research report on Thursday, December 7th. Stephens reissued an “equal weight” rating and set a $28.00 price objective on shares of Schneider National in a research report on Monday, February 5th. Finally, Robert W. Baird reduced their target price on shares of Schneider National from $35.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.79.

Check Out Our Latest Report 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.

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

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