QRG Capital Management Inc. Grows Holdings in Schneider National, Inc. (NYSE:SNDR)

QRG Capital Management Inc. raised its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 9.0% in the 4th quarter, Holdings Channel reports. The firm owned 138,027 shares of the company’s stock after purchasing an additional 11,392 shares during the quarter. QRG Capital Management Inc.’s holdings in Schneider National were worth $4,041,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in Schneider National by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock worth $83,184,000 after buying an additional 48,905 shares during the period. State Street Corp grew its stake in Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after acquiring an additional 743,800 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Schneider National by 2.4% during the fourth quarter. Copeland Capital Management LLC now owns 1,622,974 shares of the company’s stock worth $47,521,000 after acquiring an additional 38,796 shares during the period. New York State Common Retirement Fund raised its stake in shares of Schneider National by 16.4% during the third quarter. New York State Common Retirement Fund now owns 1,491,876 shares of the company’s stock valued at $42,578,000 after acquiring an additional 209,787 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Schneider National by 2.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,263,770 shares of the company’s stock valued at $36,068,000 after purchasing an additional 34,477 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Price Performance

NYSE SNDR opened at $26.35 on Friday. The firm’s fifty day simple moving average is $28.83 and its two-hundred day simple moving average is $28.89. The firm has a market capitalization of $4.62 billion, a P/E ratio of 40.54, a P/E/G ratio of 0.54 and a beta of 0.93. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90.

Schneider National (NYSE:SNDR) last announced its earnings results 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 prior year, the business posted $0.16 EPS. Analysts forecast that Schneider National, Inc. will post 1.12 EPS 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 1.44%. The ex-dividend date is Friday, March 14th. Schneider National’s dividend payout ratio is presently 58.46%.

Insiders Place Their Bets

In other news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $29.04, for a total transaction of $290,400.00. Following the sale, the insider now directly owns 95,191 shares of the company’s stock, valued at $2,764,346.64. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the transaction, the chief accounting officer now directly owns 155,366 shares in the company, valued at approximately $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNDR. Stifel Nicolaus lifted their target price on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. TD Cowen lifted their price objective on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Citigroup cut shares of Schneider National from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. Stephens reissued an “equal weight” rating and set a $30.00 target price (down previously from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Finally, Bank of America upped their price target on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.85.

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.