Charles Schwab Investment Management Inc. Buys 2,727 Shares of Schneider National, Inc. (NYSE:SNDR)

Charles Schwab Investment Management Inc. grew its stake in Schneider National, Inc. (NYSE:SNDR) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 822,060 shares of the company’s stock after purchasing an additional 2,727 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.47% of Schneider National worth $24,070,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SNDR. State Street Corp lifted its stake in shares of Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after purchasing an additional 743,800 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Schneider National in the 3rd quarter valued at approximately $9,157,000. Principal Financial Group Inc. bought a new stake in shares of Schneider National in the 3rd quarter valued at approximately $6,327,000. GW&K Investment Management LLC lifted its stake in shares of Schneider National by 8.7% in the 4th quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company’s stock valued at $58,204,000 after purchasing an additional 158,505 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Schneider National by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after acquiring an additional 115,814 shares during the last quarter. 28.54% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $29.04, for a total transaction of $290,400.00. Following the transaction, the insider now directly owns 95,191 shares in the company, valued at $2,764,346.64. The trade was a 9.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 32.68% of the company’s stock.

Schneider National Trading Down 1.4 %

Shares of NYSE:SNDR opened at $23.67 on Wednesday. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The business’s fifty day simple moving average is $27.69 and its 200-day simple moving average is $28.72. The company has a market capitalization of $4.15 billion, a PE ratio of 36.41, a P/E/G ratio of 0.54 and a beta of 0.87. 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 (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the prior year, the firm posted $0.16 EPS. As a group, equities research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.61%. Schneider National’s dividend payout ratio is presently 58.46%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNDR. Stephens reissued an “equal weight” rating and set a $30.00 price target (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Susquehanna raised their price target on Schneider National from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Bank of America raised their price target on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Benchmark raised their price target on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price target on Schneider National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.85.

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.