Fmr LLC Purchases 8,593 Shares of Schneider National, Inc. (NYSE:SNDR)

Fmr LLC grew its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 44.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,904 shares of the company’s stock after buying an additional 8,593 shares during the period. Fmr LLC’s holdings in Schneider National were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SNDR. Dimensional Fund Advisors LP lifted its position in Schneider National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after acquiring an additional 228,661 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Schneider National by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after purchasing an additional 48,905 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after purchasing an additional 440,545 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Schneider National by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock worth $46,053,000 after purchasing an additional 186,857 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Schneider National by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company’s stock worth $45,212,000 after buying an additional 4,458 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group lowered their price objective on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Susquehanna lowered their price target on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. TD Cowen increased their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reduced their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Benchmark upped their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.08.

Insider Transactions at Schneider National

In other news, EVP Thomas G. Jackson sold 18,248 shares of Schneider National stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at $2,200,014.82. The trade was a 21.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction 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 $4,923,548.54. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,555 shares of company stock worth $1,862,611 in the last quarter. Company insiders own 32.68% of the company’s stock.

Schneider National Trading Down 3.0 %

Shares of SNDR stock opened at $30.08 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The stock has a market capitalization of $5.27 billion, a P/E ratio of 48.52, a P/E/G ratio of 3.24 and a beta of 0.90. The firm’s 50 day moving average is $30.14 and its 200 day moving average is $27.23.

Schneider National (NYSE:SNDR) last released its quarterly earnings results 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 net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Research analysts expect that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s payout ratio is currently 61.29%.

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.