MQS Management LLC Takes Position in Schneider National, Inc. $SNDR

MQS Management LLC purchased a new stake in shares of Schneider National, Inc. (NYSE:SNDR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,381 shares of the company’s stock, valued at approximately $749,000.

A number of other institutional investors also recently bought and sold shares of SNDR. Royal Bank of Canada increased its position in Schneider National by 19.1% during the first quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock valued at $3,702,000 after acquiring an additional 26,015 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Schneider National during the 1st quarter worth about $7,477,000. Empowered Funds LLC grew its holdings in Schneider National by 12.0% during the 1st quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock valued at $319,000 after purchasing an additional 1,494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Schneider National by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock valued at $4,077,000 after purchasing an additional 27,180 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Schneider National by 120.5% in the 1st quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock worth $2,071,000 after purchasing an additional 49,511 shares during the period. 28.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on SNDR shares. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and set a $27.00 target price for the company. in a research report on Friday, February 6th. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and dropped their price objective for the company from $32.00 to $26.00 in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a research report on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Finally, TD Cowen lowered their target price on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Schneider National presently has a consensus rating of “Hold” and an average target price of $28.43.

Schneider National Stock Up 0.9%

NYSE:SNDR opened at $29.82 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.23 and a quick ratio of 1.93. Schneider National, Inc. has a 1-year low of $20.11 and a 1-year high of $30.98. The company has a 50-day moving average of $28.08 and a 200 day moving average of $24.87. The firm has a market cap of $5.23 billion, a PE ratio of 50.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.08.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 13th. Schneider National’s payout ratio is presently 64.41%.

Schneider National declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.