Envestnet Portfolio Solutions Inc. Raises Position in Schneider National, Inc. (NYSE:SNDR)

Envestnet Portfolio Solutions Inc. grew its position in shares of Schneider National, Inc. (NYSE:SNDR) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,063 shares of the company’s stock after purchasing an additional 1,424 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Schneider National were worth $646,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after purchasing an additional 450 shares during the last quarter. Truist Financial Corp raised its position in shares of Schneider National by 0.6% in the 4th quarter. Truist Financial Corp now owns 88,613 shares of the company’s stock valued at $2,595,000 after purchasing an additional 528 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Schneider National by 74.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after buying an additional 612 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Schneider National by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock worth $822,000 after buying an additional 710 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of Schneider National by 4.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,606 shares of the company’s stock worth $574,000 after buying an additional 910 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Trading Up 2.5 %

Shares of NYSE:SNDR opened at $23.74 on Tuesday. 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 company’s 50-day moving average price is $27.24 and its 200 day moving average price is $28.61. The company has a market cap of $4.17 billion, a PE ratio of 36.52, a P/E/G ratio of 0.54 and a beta of 0.87. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $33.90.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the previous year, the firm earned $0.16 EPS. Sell-side analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be paid a $0.095 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.60%. Schneider National’s payout ratio is 58.46%.

Analysts Set New Price Targets

Several research analysts have weighed in on SNDR shares. Benchmark 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 Wednesday, November 27th. Stephens reissued an “equal weight” rating and issued a $30.00 price objective (down from $32.00) on shares of Schneider National in a report on Monday, February 3rd. Bank of America increased their target price on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company boosted their price target on Schneider National from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their price objective on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. One 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.85.

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.