Victory Capital Management Inc. Increases Stock Position in Schneider National, Inc. (NYSE:SNDR)

Victory Capital Management Inc. boosted its stake in Schneider National, Inc. (NYSE:SNDR) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,351 shares of the company’s stock after acquiring an additional 8,328 shares during the period. Victory Capital Management Inc.’s holdings in Schneider National were worth $2,208,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Schneider National in the second quarter valued at $53,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Schneider National during the 3rd quarter worth approximately $73,000. Hilltop National Bank raised its position in shares of Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Schneider National in the 3rd quarter valued at approximately $109,000. Finally, Hills Bank & Trust Co acquired a new stake in Schneider National during the 3rd quarter valued at $112,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Trading Up 0.6 %

SNDR stock opened at $31.61 on Monday. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 3.81 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $28.79 and a 200-day simple moving average of $26.07. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $32.14.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, equities research analysts expect that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s payout ratio is 61.29%.

Wall Street Analysts Forecast Growth

SNDR has been the topic of several recent research reports. TD Cowen upped their price objective on Schneider National from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Benchmark upped their target price on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group lowered their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Finally, Susquehanna decreased their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and a consensus target price of $28.31.

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.