Schmidt P J Investment Management Inc. Has $25.64 Million Position in Schneider National, Inc. (NYSE:SNDR)

Schmidt P J Investment Management Inc. decreased its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 875,783 shares of the company’s stock after selling 32,816 shares during the quarter. Schneider National accounts for approximately 4.4% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 4th largest position. Schmidt P J Investment Management Inc. owned about 0.50% of Schneider National worth $25,643,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. purchased a new stake in Schneider National during the 3rd quarter valued at $6,327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Schneider National by 15.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock worth $3,724,000 after purchasing an additional 17,573 shares in the last quarter. Geode Capital Management LLC lifted its position in Schneider National by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock valued at $21,305,000 after acquiring an additional 115,814 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Schneider National during the third quarter valued at approximately $9,157,000. Finally, Louisiana State Employees Retirement System bought a new stake in Schneider National in the third quarter worth $648,000. Institutional investors own 28.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Schneider National from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and cut their price target for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Susquehanna lifted their target price on Schneider National from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. TD Cowen upped their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Evercore ISI cut their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Schneider National has an average rating of “Hold” and a consensus price target of $30.85.

Schneider National Price Performance

SNDR stock opened at $29.69 on Thursday. The company has a fifty day simple moving average of $30.14 and a two-hundred day simple moving average of $28.79. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $33.90. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $5.20 billion, a P/E ratio of 45.67, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the previous year, the company earned $0.16 EPS. Analysts anticipate that Schneider National, Inc. will post 1.13 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National’s dividend payout ratio is presently 58.46%.

Insider Activity at Schneider National

In other Schneider National news, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the transaction, the chief operating officer now owns 266,887 shares of the company’s stock, valued at approximately $8,833,959.70. The trade was a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total value of $198,062.50. Following the transaction, the chief accounting officer now owns 155,366 shares in the company, valued at $4,923,548.54. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,555 shares of company stock valued at $2,153,011 in the last ninety days. Company insiders own 18.83% of the company’s stock.

About Schneider National

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.