American Century Companies Inc. Grows Position in Schneider National, Inc. (NYSE:SNDR)

American Century Companies Inc. boosted its stake in Schneider National, Inc. (NYSE:SNDR) by 10.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,906,179 shares of the company’s stock after buying an additional 186,857 shares during the period. American Century Companies Inc. owned approximately 1.09% of Schneider National worth $46,053,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SNDR. Vanguard Group Inc. boosted its stake in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after purchasing an additional 388,913 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Schneider National by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,405,619 shares of the company’s stock worth $86,675,000 after acquiring an additional 130,426 shares in the last quarter. First Trust Advisors LP increased its position in shares of Schneider National by 25.5% during the fourth quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock worth $46,138,000 after acquiring an additional 368,920 shares during the period. Earnest Partners LLC raised its stake in shares of Schneider National by 1.7% in the first quarter. Earnest Partners LLC now owns 1,725,601 shares of the company’s stock valued at $39,068,000 after acquiring an additional 29,015 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Schneider National by 0.9% in the fourth quarter. Allianz Asset Management GmbH now owns 955,872 shares of the company’s stock valued at $24,327,000 after purchasing an additional 8,691 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Trading Up 1.4 %

NYSE:SNDR opened at $28.10 on Tuesday. The company has a market capitalization of $4.93 billion, a PE ratio of 31.93, a P/E/G ratio of 2.50 and a beta of 0.85. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $28.97. The stock’s 50 day moving average price is $26.37 and its 200 day moving average price is $23.74. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted $0.45 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts anticipate that Schneider National, Inc. will post 0.85 EPS for the current year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.35%. Schneider National’s payout ratio is 43.18%.

Analyst Upgrades and Downgrades

SNDR has been the topic of several recent research reports. Susquehanna upped their price target on Schneider National from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Benchmark raised 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. Bank of America cut shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a report on Monday, July 22nd. Robert W. Baird increased their price objective on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company initiated coverage on shares of Schneider National in a research report on Friday, June 7th. They set an “equal weight” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.00.

Insider Transactions at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.60, for a total value of $276,000.00. Following the transaction, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.68% of the company’s stock.

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.