Charles Schwab Investment Management Inc. Raises Stake in Schneider National, Inc. (NYSE:SNDR)

Charles Schwab Investment Management Inc. raised its position in Schneider National, Inc. (NYSE:SNDR) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 819,333 shares of the company’s stock after purchasing an additional 83,439 shares during the period. Charles Schwab Investment Management Inc. owned 0.47% of Schneider National worth $23,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SNDR. Innealta Capital LLC acquired a new position in shares of Schneider National in the 2nd quarter valued at $53,000. DekaBank Deutsche Girozentrale purchased a new stake in Schneider National in the third quarter valued at $73,000. SG Americas Securities LLC acquired a new position in Schneider National in the third quarter valued at $109,000. Hills Bank & Trust Co purchased a new position in shares of Schneider National during the third quarter worth about $112,000. Finally, nVerses Capital LLC acquired a new stake in shares of Schneider National during the third quarter worth about $146,000. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SNDR shares. Benchmark increased their price objective on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Bank of America boosted their price target on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Evercore ISI decreased their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $29.08.

Insider Buying and Selling

In other news, COO Mark B. Rourke sold 32,057 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at approximately $8,833,959.70. The trade was a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.68% of the stock is owned by insiders.

Schneider National Stock Down 1.1 %

Shares of Schneider National stock opened at $31.51 on Friday. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The firm has a market capitalization of $5.52 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90. 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 stock’s fifty day moving average is $29.52 and its 200-day moving average is $26.62.

Schneider National (NYSE:SNDR) last issued its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Equities analysts anticipate that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed 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 is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. Schneider National’s dividend payout ratio is presently 61.29%.

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.