New York State Teachers Retirement System Has $422,000 Stock Position in Schneider National, Inc. (NYSE:SNDR)

New York State Teachers Retirement System grew its position in shares of Schneider National, Inc. (NYSE:SNDR) by 33.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,447 shares of the company’s stock after purchasing an additional 4,637 shares during the quarter. New York State Teachers Retirement System’s holdings in Schneider National were worth $422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV bought a new position in Schneider National during the first quarter worth $28,000. Huntington National Bank raised its position in shares of Schneider National by 237.9% in the 4th quarter. Huntington National Bank now owns 1,416 shares of the company’s stock worth $41,000 after acquiring an additional 997 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Schneider National during the 4th quarter valued at about $48,000. CIBC Private Wealth Group LLC grew its stake in Schneider National by 4,856.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company’s stock worth $69,000 after purchasing an additional 2,331 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Schneider National in the fourth quarter worth approximately $76,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SNDR shares. Benchmark cut their price target on Schneider National from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Evercore ISI reduced their price objective on shares of Schneider National from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on Schneider National from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, May 2nd. UBS Group decreased their price target on Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Susquehanna reduced their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Schneider National Stock Up 3.4%

SNDR opened at $26.97 on Friday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.90 and a quick ratio of 1.74. The company has a fifty day moving average price of $24.12 and a 200-day moving average price of $25.37. Schneider National, Inc. has a one year low of $20.59 and a one year high of $33.90.

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

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Friday, June 13th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.41%. Schneider National’s payout ratio is 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.