221,685 Shares in Schneider National, Inc. (NYSE:SNDR) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new stake in shares of Schneider National, Inc. (NYSE:SNDR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 221,685 shares of the company’s stock, valued at approximately $6,327,000. Principal Financial Group Inc. owned approximately 0.13% of Schneider National at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of Schneider National by 12.6% in the second quarter. Bank of New York Mellon Corp now owns 543,263 shares of the company’s stock valued at $13,125,000 after purchasing an additional 60,656 shares in the last quarter. Natixis Advisors LLC boosted its position in Schneider National by 9.2% during the 2nd quarter. Natixis Advisors LLC now owns 26,578 shares of the company’s stock worth $642,000 after acquiring an additional 2,250 shares during the period. Versor Investments LP purchased a new position in Schneider National during the 2nd quarter valued at about $310,000. Rhumbline Advisers increased its holdings in shares of Schneider National by 35.5% in the 2nd quarter. Rhumbline Advisers now owns 155,656 shares of the company’s stock valued at $3,761,000 after purchasing an additional 40,813 shares during the period. Finally, Victory Capital Management Inc. grew its position in Schneider National by 11.0% during the second quarter. Victory Capital Management Inc. now owns 69,023 shares of the company’s stock valued at $1,668,000 after purchasing an additional 6,862 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Schneider National news, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 266,887 shares in the company, valued at approximately $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the sale, the chief accounting officer now directly owns 155,366 shares of the company’s stock, valued at approximately $4,923,548.54. This trade represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock worth $2,153,011 over the last three months. 32.68% of the stock is currently owned by company insiders.

Schneider National Price Performance

Schneider National stock opened at $29.28 on Thursday. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $33.90. The firm has a market cap of $5.13 billion, a P/E ratio of 47.23, a P/E/G ratio of 3.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The business’s fifty day moving average is $30.48 and its two-hundred day moving average is $27.73.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share 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 company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Equities research analysts forecast that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is 61.29%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SNDR. Benchmark increased their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Bank of America lifted their price objective on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group lowered their price target 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. TD Cowen raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Evercore ISI lowered their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research note 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.08.

Schneider National Company 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.