Dimensional Fund Advisors LP Purchases 228,661 Shares of Schneider National, Inc. (NYSE:SNDR)

Dimensional Fund Advisors LP raised its holdings in Schneider National, Inc. (NYSE:SNDR) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,013,001 shares of the company’s stock after buying an additional 228,661 shares during the quarter. Dimensional Fund Advisors LP owned 2.29% of Schneider National worth $96,953,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Schneider National by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 565,407 shares of the company’s stock valued at $13,660,000 after acquiring an additional 69,197 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Schneider National by 57.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 113,517 shares of the company’s stock valued at $2,743,000 after purchasing an additional 41,254 shares during the period. American Century Companies Inc. grew its stake in shares of Schneider National by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock valued at $46,053,000 after purchasing an additional 186,857 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Schneider National by 11.0% in the 2nd quarter. Victory Capital Management Inc. now owns 69,023 shares of the company’s stock worth $1,668,000 after buying an additional 6,862 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Schneider National by 35.5% during the 2nd quarter. Rhumbline Advisers now owns 155,656 shares of the company’s stock worth $3,761,000 after buying an additional 40,813 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total value of $276,000.00. Following the transaction, the insider now owns 55,726 shares of the company’s stock, valued at approximately $1,538,037.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 32.68% of the company’s stock.

Schneider National Trading Up 1.4 %

SNDR stock opened at $28.35 on Wednesday. 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, Inc. has a twelve month low of $20.50 and a twelve month high of $28.97. The company has a market cap of $4.98 billion, a P/E ratio of 32.22, a PEG ratio of 2.58 and a beta of 0.85. The business has a fifty day moving average of $26.86 and a 200-day moving average of $23.96.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. As a group, equities research analysts expect that Schneider National, Inc. will post 0.85 EPS for the current year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.34%. Schneider National’s payout ratio is presently 43.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Thursday, August 8th. Susquehanna upped their target price on shares of Schneider National from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Robert W. Baird lifted their price target on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Benchmark lifted their target price on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Schneider National Company 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.