Rhumbline Advisers Purchases 40,813 Shares of Schneider National, Inc. (NYSE:SNDR)

Rhumbline Advisers boosted its position in shares of Schneider National, Inc. (NYSE:SNDR) by 35.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,656 shares of the company’s stock after purchasing an additional 40,813 shares during the period. Rhumbline Advisers owned about 0.09% of Schneider National worth $3,761,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new stake in shares of Schneider National in the 2nd quarter worth approximately $310,000. Natixis Advisors LLC lifted its position in Schneider National by 9.2% during the second quarter. Natixis Advisors LLC now owns 26,578 shares of the company’s stock valued at $642,000 after acquiring an additional 2,250 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Schneider National during the second quarter valued at approximately $15,216,000. Peregrine Capital Management LLC lifted its position in Schneider National by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 250,776 shares of the company’s stock valued at $6,059,000 after acquiring an additional 3,289 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Schneider National during the second quarter valued at approximately $53,000. 28.54% of the stock is currently owned by institutional investors.

Schneider National Stock Up 1.4 %

Shares of NYSE SNDR opened at $28.10 on Tuesday. The company’s 50-day simple moving average is $26.37 and its 200-day simple moving average is $23.74. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $28.97. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.50 and a beta of 0.85. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. Equities analysts predict that Schneider National, Inc. will post 0.85 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, September 13th. Schneider National’s dividend payout ratio is currently 43.18%.

Insider Transactions at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the transaction, the insider now directly owns 55,726 shares of the company’s stock, valued at $1,538,037.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 32.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SNDR shares. Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Thursday, August 8th. Susquehanna increased their price objective on shares of Schneider National from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Robert W. Baird raised their price target on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Benchmark raised their price target on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, UBS Group raised their price target on shares of Schneider National from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.00.

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.