Teacher Retirement System of Texas Invests $395,000 in Schneider National, Inc. (NYSE:SNDR)

Teacher Retirement System of Texas acquired a new position in shares of Schneider National, Inc. (NYSE:SNDR) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,290 shares of the company’s stock, valued at approximately $395,000.

A number of other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Schneider National during the fourth quarter worth $5,349,000. Proficio Capital Partners LLC bought a new position in shares of Schneider National in the 4th quarter valued at $997,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schneider National by 9.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company’s stock valued at $408,000 after acquiring an additional 1,474 shares during the last quarter. Woodline Partners LP bought a new position in shares of Schneider National during the fourth quarter valued at $8,453,000. Finally, New York State Teachers Retirement System raised its position in Schneider National by 33.6% during the 1st quarter. New York State Teachers Retirement System now owns 18,447 shares of the company’s stock worth $422,000 after purchasing an additional 4,637 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SNDR shares. The Goldman Sachs Group upgraded Schneider National from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $32.00 in a research report on Monday, June 2nd. Benchmark reduced their target price on Schneider National from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Bank of America lifted their price target on Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. UBS Group cut their price target on Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup lifted their target price on shares of Schneider National from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Eight equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.29.

Schneider National Price Performance

Shares of SNDR opened at $25.47 on Friday. The company has a 50 day moving average price of $24.43 and a 200-day moving average price of $25.24. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The stock has a market capitalization of $4.46 billion, a PE ratio of 36.38, a PEG ratio of 0.75 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.74 and a current ratio of 1.90.

Schneider National (NYSE:SNDR) last posted its quarterly 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 net margin of 2.32% and a return on equity of 4.37%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. Equities analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Friday, June 13th were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.49%. Schneider National’s dividend payout ratio (DPR) is 54.29%.

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.