GAMMA Investing LLC Buys 14,735 Shares of Schneider National, Inc. (NYSE:SNDR)

GAMMA Investing LLC lifted its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 1,128.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,041 shares of the company’s stock after acquiring an additional 14,735 shares during the quarter. GAMMA Investing LLC’s holdings in Schneider National were worth $367,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Schneider National by 780.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock valued at $372,000 after purchasing an additional 11,312 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Schneider National in the 4th quarter valued at approximately $5,349,000. Proficio Capital Partners LLC bought a new position in Schneider National in the 4th quarter worth approximately $997,000. Woodline Partners LP bought a new position in Schneider National in the 4th quarter worth approximately $8,453,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Schneider National during the fourth quarter worth approximately $349,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNDR. Benchmark lowered their price objective on shares of Schneider National from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group decreased their price target on shares of Schneider National from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Citigroup upgraded shares of Schneider National from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $23.00 in a report on Tuesday, April 8th. Bank of America upped their price objective on shares of Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company decreased their target price 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. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.14.

Schneider National Stock Performance

NYSE:SNDR opened at $23.72 on Friday. The firm has a market capitalization of $4.16 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.19. Schneider National, Inc. has a 12-month low of $20.59 and a 12-month high of $33.90. The firm has a 50-day moving average price of $23.29 and a 200 day moving average price of $25.91.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Schneider National had a return on equity of 4.37% and a net margin of 2.32%. Schneider National’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. Research analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.60%. Schneider National’s dividend payout ratio is presently 54.29%.

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.