American Century Companies Inc. Has $34.58 Million Stake in Schneider National, Inc. $SNDR

American Century Companies Inc. lowered its position in Schneider National, Inc. (NYSE:SNDR) by 45.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,634,295 shares of the company’s stock after selling 1,356,918 shares during the period. American Century Companies Inc. owned 0.93% of Schneider National worth $34,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNDR. Balyasny Asset Management L.P. bought a new position in shares of Schneider National in the 2nd quarter valued at approximately $26,393,000. Quantinno Capital Management LP boosted its position in Schneider National by 644.7% during the second quarter. Quantinno Capital Management LP now owns 620,714 shares of the company’s stock worth $14,990,000 after purchasing an additional 537,364 shares during the period. First Trust Advisors LP boosted its position in Schneider National by 10.7% during the second quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock worth $95,700,000 after purchasing an additional 381,898 shares during the period. Millennium Management LLC acquired a new position in Schneider National during the first quarter valued at approximately $7,477,000. Finally, AQR Capital Management LLC grew its holdings in Schneider National by 30.6% during the second quarter. AQR Capital Management LLC now owns 930,913 shares of the company’s stock valued at $22,482,000 after purchasing an additional 217,874 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SNDR. Citigroup cut shares of Schneider National from a “neutral” rating to a “sell” rating and set a $27.00 price objective for the company. in a research note on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Evercore lifted their target price on shares of Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, January 13th. Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and cut their target price for the stock from $32.00 to $26.00 in a research report on Tuesday, February 3rd. Finally, National Bank Financial set a $27.00 price target on shares of Schneider National in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Schneider National has a consensus rating of “Hold” and an average price target of $28.43.

Schneider National Stock Down 6.1%

Shares of SNDR opened at $25.66 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.13 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $28.63 and a two-hundred day moving average price of $25.32. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 43.49, a P/E/G ratio of 0.83 and a beta of 1.06. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month high of $30.98.

Schneider National (NYSE:SNDR) last released its quarterly earnings data 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). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Equities analysts predict that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, March 13th. Schneider National’s dividend payout ratio is currently 64.41%.

Schneider National announced that its board has authorized a stock buyback program on Wednesday, January 28th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Schneider National

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of Schneider National 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 completion of the transaction, the chief financial officer directly owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 32.68% of the stock is owned by corporate insiders.

Schneider National Profile

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.