BNP Paribas Financial Markets Acquires 3,822 Shares of Schneider National, Inc. (NYSE:SNDR)

BNP Paribas Financial Markets lifted its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 356.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,894 shares of the company’s stock after purchasing an additional 3,822 shares during the period. BNP Paribas Financial Markets’ holdings in Schneider National were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNDR. Innealta Capital LLC bought a new position in Schneider National during the second quarter valued at $53,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Schneider National during the 3rd quarter valued at $73,000. SG Americas Securities LLC bought a new position in shares of Schneider National during the 3rd quarter worth $109,000. Hills Bank & Trust Co bought a new stake in Schneider National in the 3rd quarter valued at about $112,000. Finally, nVerses Capital LLC purchased a new stake in Schneider National during the third quarter valued at about $146,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Price Performance

Shares of Schneider National stock opened at $30.08 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 48.52, a price-to-earnings-growth ratio of 3.24 and a beta of 0.90. The company has a fifty day moving average of $30.14 and a 200-day moving average of $27.23. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $33.90.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Equities research analysts expect that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be paid 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 dividend payout ratio (DPR) is 61.29%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SNDR. Benchmark boosted their target price on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America raised their price objective on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. Stifel Nicolaus raised their price target on shares of Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Evercore ISI decreased their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.08.

Insider Transactions at Schneider National

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total transaction of $198,062.50. Following the transaction, the chief accounting officer now directly owns 155,366 shares of the company’s stock, valued at approximately $4,923,548.54. The trade was a 3.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,555 shares of company stock worth $1,862,611. Company insiders own 32.68% of the company’s stock.

Schneider National 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.