International Assets Investment Management LLC Acquires 18,242 Shares of Schneider National, Inc. (NYSE:SNDR)

International Assets Investment Management LLC lifted its holdings in Schneider National, Inc. (NYSE:SNDR) by 2,156.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,088 shares of the company’s stock after purchasing an additional 18,242 shares during the period. International Assets Investment Management LLC’s holdings in Schneider National were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Earnest Partners LLC lifted its stake in shares of Schneider National by 24.3% in the 3rd quarter. Earnest Partners LLC now owns 1,715,651 shares of the company’s stock worth $47,506,000 after purchasing an additional 335,004 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Schneider National by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,641,675 shares of the company’s stock worth $45,458,000 after acquiring an additional 19,773 shares during the period. New York State Common Retirement Fund raised its stake in Schneider National by 44.8% during the 3rd quarter. New York State Common Retirement Fund now owns 987,255 shares of the company’s stock worth $27,337,000 after acquiring an additional 305,484 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Schneider National by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 619,306 shares of the company’s stock worth $17,149,000 after acquiring an additional 9,035 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Schneider National by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 533,008 shares of the company’s stock worth $14,759,000 after acquiring an additional 4,327 shares during the period. Institutional investors own 28.54% of the company’s stock.

Schneider National Trading Up 1.1 %

SNDR stock opened at $21.30 on Friday. The firm has a fifty day moving average price of $22.46 and a 200 day moving average price of $23.78. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $31.74. 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 firm has a market cap of $3.75 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. Sell-side analysts anticipate that Schneider National, Inc. will post 1.09 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were issued a $0.095 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Schneider National’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.78%. Schneider National’s dividend payout ratio (DPR) is 28.57%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Stephens restated an “equal weight” rating and set a $28.00 target price on shares of Schneider National in a research note on Monday, February 5th. TD Cowen decreased their target price on shares of Schneider National from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, February 2nd. Benchmark restated a “buy” rating and set a $27.00 target price on shares of Schneider National in a research note 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.07.

About Schneider National

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.