Nuveen Asset Management LLC purchased a new stake in Schneider National Inc (NYSE:SNDR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 602,152 shares of the company’s stock, valued at approximately $10,982,000. Nuveen Asset Management LLC owned approximately 0.34% of Schneider National as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of SNDR. Morgan Stanley lifted its stake in shares of Schneider National by 7.6% in the second quarter. Morgan Stanley now owns 3,095,676 shares of the company’s stock valued at $56,464,000 after buying an additional 217,449 shares during the period. BlackRock Inc. lifted its stake in shares of Schneider National by 64.0% in the second quarter. BlackRock Inc. now owns 3,019,584 shares of the company’s stock valued at $55,077,000 after buying an additional 1,178,620 shares during the period. Associated Banc Corp lifted its stake in shares of Schneider National by 39.8% in the second quarter. Associated Banc Corp now owns 1,854,560 shares of the company’s stock valued at $33,827,000 after buying an additional 528,401 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Schneider National by 39.0% in the second quarter. Renaissance Technologies LLC now owns 1,003,600 shares of the company’s stock valued at $18,306,000 after buying an additional 281,700 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Schneider National by 44.8% in the second quarter. BNP Paribas Arbitrage SA now owns 821,273 shares of the company’s stock valued at $14,980,000 after buying an additional 254,002 shares during the period. 24.53% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on SNDR shares. Morgan Stanley increased their target price on shares of Schneider National from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Credit Suisse Group lowered shares of Schneider National from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 11th. Stephens assumed coverage on shares of Schneider National in a research report on Monday, July 1st. They issued a “buy” rating for the company. Susquehanna Bancshares assumed coverage on shares of Schneider National in a research report on Thursday, September 5th. They issued a “positive” rating and a $23.00 price target for the company. Finally, Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.60.
NYSE SNDR opened at $22.15 on Friday. Schneider National Inc has a 52 week low of $16.59 and a 52 week high of $23.87. The firm has a market capitalization of $3.79 billion, a P/E ratio of 14.87, a PEG ratio of 3.89 and a beta of 1.62. The company has a quick ratio of 1.90, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $21.06 and a 200-day moving average price of $19.69.
Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Schneider National had a net margin of 4.53% and a return on equity of 11.94%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $0.40 EPS. Schneider National’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Schneider National Inc will post 1.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 13th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, September 12th. Schneider National’s payout ratio is currently 15.48%.
Schneider National Company Profile
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.
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