11,256 Shares in Schneider National, Inc. (NYSE:SNDR) Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC acquired a new stake in shares of Schneider National, Inc. (NYSE:SNDR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,256 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNDR. First Trust Advisors LP grew its stake in shares of Schneider National by 87.8% in the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock worth $64,429,000 after buying an additional 1,028,789 shares during the last quarter. American Century Companies Inc. boosted its holdings in Schneider National by 14.2% in the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock worth $72,320,000 after acquiring an additional 306,275 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Schneider National by 4,324.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company’s stock worth $9,152,000 after acquiring an additional 305,497 shares during the last quarter. Woodline Partners LP bought a new position in shares of Schneider National during the fourth quarter valued at $8,453,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Schneider National by 40.4% during the fourth quarter. Two Sigma Advisers LP now owns 702,900 shares of the company’s stock valued at $20,581,000 after acquiring an additional 202,100 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SNDR. UBS Group dropped their price target on shares of Schneider National from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. National Bankshares set a $25.00 target price on shares of Schneider National in a research note on Friday, March 28th. Bank of America increased their price target on shares of Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 16th. The Goldman Sachs Group upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $24.00 to $32.00 in a report on Monday, June 2nd. Finally, Wells Fargo & Company lowered their price objective on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.14.

Schneider National Price Performance

NYSE SNDR opened at $24.32 on Tuesday. The business’s fifty day moving average price is $23.21 and its 200-day moving average price is $26.06. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. Schneider National, Inc. has a 1-year low of $20.59 and a 1-year high of $33.90.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. Schneider National’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, equities analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, June 13th. Schneider National’s payout ratio is 54.29%.

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.