Vaughan Nelson Investment Management L.P. Buys Shares of 1,110,775 Schneider National, Inc. $SNDR

Vaughan Nelson Investment Management L.P. purchased a new stake in Schneider National, Inc. (NYSE:SNDR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,110,775 shares of the company’s stock, valued at approximately $29,469,000. Vaughan Nelson Investment Management L.P. owned 0.63% of Schneider National at the end of the most recent quarter.

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

Insider Buying and Selling

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer directly owned 66,275 shares in the company, valued at $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 23.64% of the company’s stock.

Schneider National Price Performance

Shares of NYSE:SNDR opened at $26.39 on Wednesday. Schneider National, Inc. has a one year low of $20.11 and a one year high of $30.98. The stock has a fifty day moving average of $27.47 and a 200-day moving average of $25.36. The company has a market capitalization of $4.63 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13.

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

Schneider National declared that its board has approved a share repurchase program on Wednesday, January 28th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, March 13th. This is a boost from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio is presently 67.80%.

Wall Street Analyst Weigh In

A number of analysts have commented on SNDR shares. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and dropped their price target for the stock from $32.00 to $26.00 in a research report on Tuesday, February 3rd. UBS Group reiterated a “neutral” rating on shares of Schneider National in a research note on Friday, January 30th. TD Cowen dropped their target price on Schneider National from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Susquehanna increased their price target on Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.43.

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.