Creative Planning Raises Stake in Schneider National, Inc. (NYSE:SNDR)

Creative Planning boosted its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,776 shares of the company’s stock after purchasing an additional 2,205 shares during the period. Creative Planning’s holdings in Schneider National were worth $793,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC purchased a new position in Schneider National during the 3rd quarter worth $781,000. SG Americas Securities LLC purchased a new position in Schneider National during the 3rd quarter worth $109,000. Susquehanna International Group LLP grew its position in Schneider National by 152.5% during the 2nd quarter. Susquehanna International Group LLP now owns 312,776 shares of the company’s stock worth $7,557,000 after purchasing an additional 188,920 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in Schneider National by 1.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock worth $1,847,000 after purchasing an additional 1,341 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Schneider National by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock worth $342,000 after purchasing an additional 493 shares during the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Up 0.5 %

Shares of NYSE 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. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $29.18. The firm has a 50-day moving average price of $27.67 and a 200 day moving average price of $25.03. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 43.71, a price-to-earnings-growth ratio of 2.87 and a beta of 0.85.

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, topping analysts’ consensus estimates of $0.18 by $0.03. The company 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 firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Equities research analysts anticipate that Schneider National, Inc. will post 0.84 EPS for the current fiscal year.

Schneider National Dividend Announcement

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

Analyst Upgrades and Downgrades

SNDR has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Susquehanna lifted their target price on shares of Schneider National from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Bank of America downgraded shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 target price on the stock. in a report on Monday, July 22nd. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Thursday, August 8th. Finally, UBS Group lifted their target price on shares of Schneider National from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.