Louisiana State Employees Retirement System Acquires Shares of 22,700 Schneider National, Inc. (NYSE:SNDR)

Louisiana State Employees Retirement System acquired a new stake in shares of Schneider National, Inc. (NYSE:SNDR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,700 shares of the company’s stock, valued at approximately $648,000.

Several other large investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in shares of Schneider National by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock worth $342,000 after purchasing an additional 493 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Schneider National by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock worth $451,000 after purchasing an additional 618 shares during the period. Hilltop National Bank raised its stake in shares of Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the period. California State Teachers Retirement System raised its stake in shares of Schneider National by 1.7% during the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock worth $1,265,000 after purchasing an additional 958 shares during the period. Finally, Comerica Bank raised its stake in shares of Schneider National by 11.8% during the 1st quarter. Comerica Bank now owns 12,283 shares of the company’s stock worth $278,000 after purchasing an additional 1,297 shares during the period. 28.54% of the stock is currently owned by institutional investors.

Schneider National Trading Up 1.8 %

Shares of SNDR opened at $29.08 on Wednesday. The business’s 50-day moving average price is $27.70 and its 200-day moving average price is $25.14. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $29.18. The stock has a market cap of $5.10 billion, a PE ratio of 44.74, a P/E/G ratio of 2.88 and a beta of 0.85. 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 Announces Dividend

The business 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 $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is 58.46%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America lowered Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price objective for the company. in a report on Monday, July 22nd. UBS Group lifted their price objective on Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Susquehanna lifted their price objective on Schneider National from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus lowered Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.08.

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.