2,612 Shares in Schneider National, Inc. (NYSE:SNDR) Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC purchased a new position in Schneider National, Inc. (NYSE:SNDR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,612 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Schneider National by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,410,100 shares of the company’s stock valued at $129,128,000 after buying an additional 144,133 shares during the last quarter. Vanguard Group Inc. grew its holdings in Schneider National by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company’s stock worth $127,940,000 after acquiring an additional 172,418 shares during the period. American Century Companies Inc. raised its position in Schneider National by 14.2% during the fourth 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. First Trust Advisors LP lifted its holdings in Schneider National by 87.8% in the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock valued at $64,429,000 after acquiring an additional 1,028,789 shares during the period. Finally, GW&K Investment Management LLC boosted its position in Schneider National by 8.7% in the 4th quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company’s stock worth $58,204,000 after purchasing an additional 158,505 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Stock Performance

Shares of NYSE:SNDR opened at $23.26 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. Schneider National, Inc. has a 1 year low of $20.59 and a 1 year high of $33.90. The firm has a market capitalization of $4.07 billion, a PE ratio of 35.78, a P/E/G ratio of 0.54 and a beta of 1.11. The business’s 50 day moving average price is $22.82 and its 200-day moving average price is $26.93.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, June 13th. This represents a $0.38 annualized dividend and a yield of 1.63%. Schneider National’s dividend payout ratio is presently 54.29%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Susquehanna cut their target price on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Evercore ISI lowered their target price on shares of Schneider National from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Citigroup upgraded Schneider National from a “sell” rating to a “neutral” rating and cut their price target for the company from $25.00 to $23.00 in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and an average price target of $26.50.

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.