Swiss National Bank Has $2.59 Million Holdings in Schneider National, Inc. (NYSE:SNDR)

Swiss National Bank cut its stake in Schneider National, Inc. (NYSE:SNDR) by 11.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,700 shares of the company’s stock after selling 13,600 shares during the period. Swiss National Bank owned about 0.06% of Schneider National worth $2,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Ceredex Value Advisors LLC boosted its position in Schneider National by 40.1% in the 4th quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company’s stock valued at $17,635,000 after buying an additional 197,750 shares during the last quarter. UBS Group AG boosted its position in shares of Schneider National by 360.1% in the 3rd quarter. UBS Group AG now owns 202,486 shares of the company’s stock worth $5,607,000 after purchasing an additional 158,474 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of Schneider National in the 4th quarter worth $12,547,000. QRG Capital Management Inc. bought a new position in shares of Schneider National in the 3rd quarter worth $2,615,000. Finally, Invesco Ltd. boosted its position in shares of Schneider National by 33.5% in the 3rd quarter. Invesco Ltd. now owns 228,063 shares of the company’s stock worth $6,315,000 after purchasing an additional 57,183 shares during the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird dropped their price objective on Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Stephens reaffirmed an “equal weight” rating and set a $28.00 price objective on shares of Schneider National in a research note on Monday, February 5th. Raymond James assumed coverage on Schneider National in a research note on Wednesday, May 15th. They issued a “market perform” rating on the stock. Stifel Nicolaus restated a “buy” rating and issued a $25.00 price target on shares of Schneider National in a report on Wednesday, May 15th. Finally, Susquehanna cut their price target on Schneider National from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.00.

Schneider National Price Performance

Schneider National stock opened at $22.16 on Friday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.85 and a beta of 0.91. Schneider National, Inc. has a 12 month low of $20.50 and a 12 month high of $31.74. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $21.92 and its 200-day moving average is $23.21.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. Equities research analysts expect that Schneider National, Inc. will post 0.92 EPS for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Friday, June 7th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, June 7th. Schneider National’s dividend payout ratio is currently 43.18%.

Schneider National Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It 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 trailers across either network or dedicated configurations.