Nicolet Advisory Services LLC lifted its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,748 shares of the company’s stock after acquiring an additional 1,102 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Schneider National were worth $234,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in Schneider National during the 1st quarter valued at approximately $50,000. Great West Life Assurance Co. Can boosted its stake in Schneider National by 18.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 4,227 shares of the company’s stock valued at $92,000 after purchasing an additional 663 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Schneider National by 50.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,395 shares of the company’s stock valued at $96,000 after purchasing an additional 1,482 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Schneider National during the 2nd quarter valued at approximately $163,000. Finally, Stifel Financial Corp bought a new stake in Schneider National during the 1st quarter valued at approximately $202,000. Institutional investors own 25.65% of the company’s stock.
Several analysts recently weighed in on the company. Morgan Stanley increased their target price on Schneider National from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, August 2nd. Raymond James assumed coverage on Schneider National in a research note on Friday, September 10th. They set a “market perform” rating for the company. Citigroup reduced their price objective on Schneider National from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, July 14th. Stifel Nicolaus assumed coverage on Schneider National in a research report on Monday, June 21st. They issued a “buy” rating for the company. Finally, TheStreet upgraded Schneider National from a “c+” rating to a “b” rating in a research report on Monday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and a consensus price target of $25.38.
Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.18. Schneider National had a return on equity of 13.51% and a net margin of 5.66%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.21 billion. As a group, equities analysts expect that Schneider National, Inc. will post 1.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 8th. Investors of record on Friday, September 10th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. Schneider National’s dividend payout ratio is 22.40%.
Schneider National Profile
Schneider National Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering and freight payment services. It operates through the following segments: Truckload, Intermodal and Logistics.
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