Hudson Bay Capital Management LP Buys New Position in Schneider National, Inc. $SNDR

Hudson Bay Capital Management LP purchased a new position in Schneider National, Inc. (NYSE:SNDR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,046 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds have also made changes to their positions in SNDR. Caitong International Asset Management Co. Ltd boosted its position in shares of Schneider National by 2,425.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after purchasing an additional 1,625 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Schneider National in the second quarter valued at approximately $37,000. KBC Group NV lifted its stake in Schneider National by 86.3% in the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after buying an additional 1,061 shares during the last quarter. Quarry LP boosted its holdings in shares of Schneider National by 36.7% in the third quarter. Quarry LP now owns 3,404 shares of the company’s stock valued at $72,000 after acquiring an additional 913 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Schneider National by 136.7% during the third quarter. Hantz Financial Services Inc. now owns 8,284 shares of the company’s stock worth $175,000 after acquiring an additional 4,784 shares during the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Stock Performance

Shares of SNDR stock opened at $23.71 on Monday. The stock has a fifty day moving average price of $27.96 and a 200 day moving average price of $25.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The stock has a market cap of $4.16 billion, a PE ratio of 40.18, a P/E/G ratio of 0.70 and a beta of 1.06. Schneider National, Inc. has a 1 year low of $20.11 and a 1 year high of $30.98.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio is currently 67.80%.

Schneider National announced that its board has approved a share repurchase plan on Wednesday, January 28th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNDR. Raymond James Financial upgraded shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Wednesday, December 3rd. Bank of America upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Friday, January 9th. Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $26.00 in a report on Tuesday, February 3rd. Wells Fargo & Company lowered their target price on Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.43.

Insider Buying and Selling

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total transaction of $173,340.00. Following the sale, the chief financial officer owned 66,275 shares in the company, valued at approximately $1,914,684.75. This represents a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.43% of the company’s stock.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.