Geode Capital Management LLC Purchases 115,814 Shares of Schneider National, Inc. (NYSE:SNDR)

Geode Capital Management LLC grew its position in Schneider National, Inc. (NYSE:SNDR) by 18.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 746,272 shares of the company’s stock after acquiring an additional 115,814 shares during the quarter. Geode Capital Management LLC owned 0.43% of Schneider National worth $21,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Schneider National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after buying an additional 228,661 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Schneider National by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after purchasing an additional 48,905 shares during the period. Earnest Partners LLC lifted its stake in shares of Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after purchasing an additional 440,545 shares during the last quarter. American Century Companies Inc. lifted 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 last quarter. Finally, State Street Corp boosted its holdings in shares of Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after purchasing an additional 743,800 shares during the period. Institutional investors own 28.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Thomas G. Jackson sold 18,248 shares of Schneider National 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 transaction, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the sale, the insider now owns 95,191 shares of the company’s stock, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,555 shares of company stock worth $2,153,011 in the last three months. Corporate insiders own 32.68% of the company’s stock.

Schneider National Stock Performance

Shares of NYSE:SNDR opened at $29.54 on Friday. The firm’s 50 day simple moving average is $30.40 and its 200-day simple moving average is $27.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90. The firm has a market cap of $5.17 billion, a PE ratio of 47.65, a price-to-earnings-growth ratio of 3.24 and a beta of 0.90.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. As a group, equities analysts predict that Schneider National, Inc. will post 0.7 EPS 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 paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Analysts Set New Price Targets

Several research firms recently weighed in on SNDR. Benchmark increased their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna reduced 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 note on Thursday, November 7th. Stifel Nicolaus raised their target price on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI cut their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.08.

Schneider National 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.