Arizona State Retirement System Trims Holdings in Schneider National, Inc. (NYSE:SNDR)

Arizona State Retirement System trimmed its position in Schneider National, Inc. (NYSE:SNDR) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,438 shares of the company’s stock after selling 500 shares during the quarter. Arizona State Retirement System’s holdings in Schneider National were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDR. Wasatch Advisors Inc. purchased a new stake in Schneider National in the 1st quarter worth approximately $25,894,000. Earnest Partners LLC increased its holdings in Schneider National by 429,550.9% in the 1st quarter. Earnest Partners LLC now owns 691,738 shares of the company’s stock worth $17,639,000 after acquiring an additional 691,577 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Schneider National by 268.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 946,658 shares of the company’s stock worth $7,132,000 after acquiring an additional 689,803 shares in the last quarter. Norges Bank purchased a new stake in Schneider National in the 4th quarter worth approximately $14,200,000. Finally, Copeland Capital Management LLC purchased a new stake in Schneider National during the 4th quarter valued at approximately $12,547,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stephens reaffirmed an “equal weight” rating and set a $28.00 price objective on shares of Schneider National in a report on Monday, February 5th. Benchmark reaffirmed a “buy” rating and set a $27.00 price objective on shares of Schneider National in a report on Friday, April 12th. Evercore ISI lowered shares of Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 price objective for the company. in a report on Thursday, January 4th. Bank of America cut their price objective on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Finally, Susquehanna cut their price objective on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.07.

Schneider National Stock Up 2.7 %

NYSE SNDR opened at $21.27 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. The company has a market capitalization of $3.74 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.34 and a beta of 0.89. Schneider National, Inc. has a one year low of $20.50 and a one year high of $31.74. The stock has a 50 day moving average price of $22.71 and a 200-day moving average price of $23.92.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, equities analysts predict that Schneider National, Inc. will post 1.13 EPS for the current fiscal year.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were given a $0.095 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Schneider National’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a yield of 1.79%. Schneider National’s dividend payout ratio (DPR) is currently 28.57%.

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.