Strs Ohio Cuts Stock Position in Schneider National, Inc. (NYSE:SNDR)

Strs Ohio cut its stake in Schneider National, Inc. (NYSE:SNDR) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,951 shares of the company’s stock after selling 23,071 shares during the quarter. Strs Ohio’s holdings in Schneider National were worth $1,856,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Schneider National by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,816,076 shares of the company’s stock valued at $122,810,000 after buying an additional 244,894 shares during the period. BlackRock Inc. raised its holdings in shares of Schneider National by 3.0% during the 3rd quarter. BlackRock Inc. now owns 4,280,609 shares of the company’s stock valued at $86,896,000 after buying an additional 124,043 shares during the period. AQR Capital Management LLC raised its stake in shares of Schneider National by 8.2% during the fourth quarter. AQR Capital Management LLC now owns 3,008,023 shares of the company’s stock valued at $70,388,000 after purchasing an additional 227,164 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Schneider National by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,860,879 shares of the company’s stock valued at $76,524,000 after purchasing an additional 109,800 shares during the period. Finally, Morgan Stanley raised its stake in shares of Schneider National by 14.3% during the fourth quarter. Morgan Stanley now owns 2,379,638 shares of the company’s stock valued at $55,684,000 after purchasing an additional 297,850 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SNDR shares. Susquehanna dropped their price target on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Evercore ISI lowered Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 target price on the stock. in a research report on Thursday, January 4th. TD Cowen dropped their target price on Schneider National from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. Bank of America dropped their price objective on Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, Stephens restated an “equal weight” rating and set a $28.00 price objective on shares of Schneider National in a report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus price target of $28.07.

Schneider National Price Performance

Shares of NYSE SNDR opened at $21.27 on Friday. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $31.74. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. The business has a 50 day simple moving average of $22.71 and a 200-day simple moving average of $23.92.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, equities research analysts expect that Schneider National, Inc. will post 1.09 earnings per share for the current year.

Schneider National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.79%. 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. Schneider National’s dividend payout ratio is currently 28.57%.

Schneider National Company 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.