Caprock Group LLC Invests $659,000 in Schneider National, Inc. $SNDR

Caprock Group LLC bought a new stake in shares of Schneider National, Inc. (NYSE:SNDR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,141 shares of the company’s stock, valued at approximately $659,000.

Several other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of Schneider National by 3.2% in the third quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock valued at $312,000 after acquiring an additional 462 shares in the last quarter. Teza Capital Management LLC grew its position in shares of Schneider National by 6.2% during the second quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock worth $331,000 after purchasing an additional 802 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Schneider National by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,068 shares of the company’s stock valued at $291,000 after purchasing an additional 821 shares during the period. Raymond James Financial Inc. lifted its holdings in Schneider National by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 183,179 shares of the company’s stock worth $4,424,000 after purchasing an additional 835 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Schneider National by 4.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock worth $485,000 after purchasing an additional 900 shares during the period. Institutional investors own 28.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SNDR shares. TD Cowen lowered their target price on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. National Bank Financial set a $27.00 price objective on shares of Schneider National in a report on Friday, February 6th. Evercore raised their price objective on Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a research report on Tuesday, January 13th. Finally, UBS Group reiterated a “neutral” rating on shares of Schneider National in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.43.

Schneider National Stock Performance

Shares of NYSE:SNDR opened at $28.76 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.93 and a debt-to-equity ratio of 0.13. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month high of $30.98. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 48.74, a PEG ratio of 0.94 and a beta of 1.08. The firm’s 50-day moving average is $28.35 and its 200 day moving average is $24.98.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) 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 business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 28th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Schneider National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Schneider National’s payout ratio is 64.41%.

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.