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

Principal Financial Group Inc. purchased a new stake in Schneider National, Inc. (NYSE:SNDR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 221,685 shares of the company’s stock, valued at approximately $6,327,000. Principal Financial Group Inc. owned 0.13% of Schneider National at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SNDR. Olympiad Research LP acquired a new position in Schneider National during the 3rd quarter worth about $209,000. Amalgamated Bank grew its holdings in Schneider National by 80.0% during the 3rd quarter. Amalgamated Bank now owns 14,872 shares of the company’s stock worth $424,000 after acquiring an additional 6,608 shares during the period. QRG Capital Management Inc. boosted its holdings in Schneider National by 17.3% during the third quarter. QRG Capital Management Inc. now owns 126,635 shares of the company’s stock worth $3,614,000 after buying an additional 18,692 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Schneider National by 16.4% in the 3rd quarter. New York State Common Retirement Fund now owns 1,491,876 shares of the company’s stock valued at $42,578,000 after acquiring an additional 209,787 shares during the last quarter. Finally, Hills Bank & Trust Co acquired a new position in Schneider National during the third quarter valued at approximately $112,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Wall Street Analyst Weigh In

SNDR has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Evercore ISI dropped their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. TD Cowen boosted their price target on Schneider National from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their target price on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Robert W. Baird upped their price target on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.31.

Schneider National Price Performance

Shares of NYSE SNDR opened at $31.16 on Thursday. The stock has a fifty day moving average of $28.63 and a 200-day moving average of $25.91. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $32.14. The stock has a market cap of $5.46 billion, a PE ratio of 50.26, a price-to-earnings-growth ratio of 3.67 and a beta of 0.85. 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 (NYSE:SNDR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Equities research analysts anticipate that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 1.22%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is currently 61.29%.

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.