Principal Financial Group Inc. Boosts Stock Position in Schneider National, Inc. (NYSE:SNDR)

Principal Financial Group Inc. lifted its position in shares of Schneider National, Inc. (NYSE:SNDR) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,660 shares of the company’s stock after buying an additional 5,925 shares during the period. Principal Financial Group Inc. owned about 0.13% of Schneider National worth $5,339,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SNDR. KBC Group NV bought a new stake in Schneider National in the 1st quarter worth $28,000. Huntington National Bank increased its stake in shares of Schneider National by 237.9% during the fourth quarter. Huntington National Bank now owns 1,416 shares of the company’s stock valued at $41,000 after buying an additional 997 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Schneider National in the fourth quarter valued at $48,000. CIBC Private Wealth Group LLC increased its position in Schneider National by 4,856.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company’s stock valued at $69,000 after purchasing an additional 2,331 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Schneider National in the 4th quarter worth $76,000. Institutional investors own 28.54% of the company’s stock.

Schneider National Stock Performance

Shares of NYSE SNDR opened at $25.14 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.74 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 market capitalization of $4.41 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. The firm has a 50 day moving average of $24.38 and a 200 day moving average of $25.26.

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

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Friday, June 13th were issued a dividend of $0.095 per share. The ex-dividend date was Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.51%. Schneider National’s dividend payout ratio is presently 54.29%.

Analysts Set New Price Targets

Several research firms have weighed in on SNDR. Bank of America lifted their price objective on Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. National Bankshares set a $25.00 price target on shares of Schneider National in a research report on Friday, March 28th. Baird R W upgraded shares of Schneider National to a “strong-buy” rating in a report on Tuesday, July 1st. The Goldman Sachs Group upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $32.00 in a report on Monday, June 2nd. Finally, Wells Fargo & Company cut their price target on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Eight investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.29.

About Schneider National

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.