Raymond James & Associates Acquires 9,775 Shares of Schneider National, Inc. (NYSE:SNDR)

Raymond James & Associates lifted its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 192,965 shares of the company’s stock after purchasing an additional 9,775 shares during the period. Raymond James & Associates owned about 0.11% of Schneider National worth $5,507,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDR. Russell Investments Group Ltd. grew its holdings in Schneider National by 76.5% in the 1st quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock worth $6,379,000 after acquiring an additional 122,077 shares during the last quarter. Tidal Investments LLC bought a new stake in Schneider National in the 1st quarter worth $468,000. BNP Paribas Financial Markets grew its holdings in Schneider National by 4,602.7% in the 1st quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock worth $3,076,000 after acquiring an additional 132,973 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Schneider National in the 1st quarter worth $489,000. Finally, SG Americas Securities LLC grew its holdings in Schneider National by 244.5% in the 1st quarter. SG Americas Securities LLC now owns 70,335 shares of the company’s stock worth $1,592,000 after acquiring an additional 49,921 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Schneider National Stock Up 0.5 %

SNDR opened at $28.41 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $27.67 and a 200-day moving average price of $25.03. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $29.18. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 2.89 and a beta of 0.85.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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 period in the prior year, the company posted $0.45 earnings per share. Equities research analysts forecast that Schneider National, Inc. will post 0.84 earnings per share for the current year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.34%. Schneider National’s dividend payout ratio is 58.46%.

Analyst Ratings Changes

Several research firms have recently commented on SNDR. Citigroup began coverage on shares of Schneider National in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 target price for the company. Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Thursday, August 8th. Bank of America cut shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 target price for the company. in a research report on Monday, July 22nd. Susquehanna raised their target price on shares of Schneider National from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Finally, Benchmark lifted 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.08.

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.