First Trust Advisors LP Has $46.14 Million Stock Position in Schneider National, Inc. (NYSE:SNDR)

First Trust Advisors LP lifted its stake in shares of Schneider National, Inc. (NYSE:SNDRFree Report) by 25.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,812,883 shares of the company’s stock after buying an additional 368,920 shares during the quarter. First Trust Advisors LP owned about 1.03% of Schneider National worth $46,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Schneider National by 27.6% during the third quarter. Barclays PLC now owns 87,271 shares of the company’s stock valued at $2,417,000 after acquiring an additional 18,901 shares in the last quarter. Amalgamated Bank increased its stake in Schneider National by 53.3% during the 3rd quarter. Amalgamated Bank now owns 12,707 shares of the company’s stock valued at $352,000 after purchasing an additional 4,420 shares in the last quarter. Swiss National Bank raised its holdings in Schneider National by 0.7% during the third quarter. Swiss National Bank now owns 115,300 shares of the company’s stock worth $3,193,000 after buying an additional 800 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Schneider National by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,641,675 shares of the company’s stock valued at $45,458,000 after buying an additional 19,773 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Schneider National by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 619,306 shares of the company’s stock valued at $17,149,000 after buying an additional 9,035 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Raymond James initiated coverage on shares of Schneider National in a report on Wednesday, May 15th. They issued a “market perform” rating on the stock. Bank of America dropped their target price on Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Stifel Nicolaus reiterated a “buy” rating and set a $25.00 price target on shares of Schneider National in a report on Wednesday, May 15th. Benchmark restated a “buy” rating and set a $27.00 price objective on shares of Schneider National in a research note on Friday, May 3rd. Finally, Susquehanna cut their price objective on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.86.

View Our Latest Analysis on SNDR

Schneider National Trading Down 0.9 %

Shares of SNDR stock opened at $22.44 on Friday. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $31.74. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $21.96 and a 200-day moving average of $23.21. The firm has a market cap of $3.94 billion, a P/E ratio of 25.50, a PEG ratio of 2.02 and a beta of 0.86.

Schneider National (NYSE:SNDRGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Sell-side analysts anticipate that Schneider National, Inc. will post 0.89 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, June 7th. Schneider National’s dividend payout ratio (DPR) is presently 43.18%.

Schneider National Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

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