Envestnet Asset Management Inc. Grows Position in Schneider National, Inc. (NYSE:SNDR)

Envestnet Asset Management Inc. raised its stake in Schneider National, Inc. (NYSE:SNDR) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 574,559 shares of the company’s stock after purchasing an additional 21,017 shares during the quarter. Envestnet Asset Management Inc. owned about 0.33% of Schneider National worth $16,823,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its stake in Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after buying an additional 743,800 shares during the period. American Century Companies Inc. lifted its holdings in shares of Schneider National by 14.2% during the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock valued at $72,320,000 after acquiring an additional 306,275 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Schneider National during the 3rd quarter worth $6,327,000. Raymond James Financial Inc. acquired a new stake in Schneider National in the 4th quarter valued at $5,349,000. Finally, Vanguard Group Inc. raised its position in Schneider National by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company’s stock valued at $127,940,000 after purchasing an additional 172,418 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Down 1.7 %

NYSE:SNDR opened at $22.20 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.10. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90. The stock has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $27.94.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period last year, the business posted $0.16 earnings per share. Sell-side analysts predict that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.71%. Schneider National’s dividend payout ratio (DPR) is 58.46%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus lowered their target price on Schneider National from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Monday. The Goldman Sachs Group dropped their price objective on shares of Schneider National from $28.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. National Bankshares set a $25.00 target price on shares of Schneider National in a research report on Friday, March 28th. Bank of America reaffirmed a “neutral” rating and set a $25.00 price target (down from $34.00) on shares of Schneider National in a report on Friday, March 28th. Finally, Stephens reissued an “equal weight” rating and issued a $30.00 price objective (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.14.

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.