Invenomic Capital Management LP Buys New Position in Schneider National, Inc. (NYSE:SNDR)

Invenomic Capital Management LP bought a new stake in Schneider National, Inc. (NYSE:SNDRFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 119,738 shares of the company’s stock, valued at approximately $3,047,000.

A number of other large investors have also recently made changes to their positions in the company. First Trust Advisors LP raised its stake in Schneider National by 25.5% during the 4th quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock valued at $46,138,000 after acquiring an additional 368,920 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Schneider National during the 4th quarter valued at approximately $595,000. Jade Capital Advisors LLC purchased a new stake in Schneider National during the 4th quarter valued at approximately $2,672,000. TFO Wealth Partners LLC raised its stake in Schneider National by 78,622.2% during the 4th quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company’s stock valued at $180,000 after acquiring an additional 7,076 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Schneider National by 68.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 40,482 shares of the company’s stock valued at $1,030,000 after acquiring an additional 16,432 shares during the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Stock Performance

NYSE SNDR opened at $22.91 on Tuesday. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $31.74. The company has a market capitalization of $4.02 billion, a P/E ratio of 26.03, a PEG ratio of 2.00 and a beta of 0.86. The business has a 50 day moving average price of $21.95 and a 200 day moving average price of $23.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.32.

Schneider National (NYSE:SNDRGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.11 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 net margin of 2.95% and a return on equity of 5.55%. Schneider National’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. Sell-side analysts expect that Schneider National, Inc. will post 0.89 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, June 7th. Schneider National’s dividend payout ratio (DPR) is 43.18%.

Wall Street Analyst Weigh In

SNDR has been the subject of several analyst reports. Raymond James initiated coverage on Schneider National in a research note on Wednesday, May 15th. They set a “market perform” rating for the company. Susquehanna reduced their price objective on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Bank of America reduced their price objective on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Stifel Nicolaus reissued a “buy” rating and set a $25.00 target price on shares of Schneider National in a research note on Wednesday, May 15th. Finally, Robert W. Baird cut their target price on Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National presently has an average rating of “Hold” and a consensus price target of $27.86.

Check Out Our Latest Stock Analysis on Schneider National

Schneider National Profile

(Free Report)

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.

See Also

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

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