KLP Kapitalforvaltning AS Makes New $349,000 Investment in Schneider National, Inc. (NYSE:SNDR)

KLP Kapitalforvaltning AS acquired a new stake in Schneider National, Inc. (NYSE:SNDR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,900 shares of the company’s stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Schneider National by 14.2% in the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock worth $72,320,000 after purchasing an additional 306,275 shares during the last quarter. GW&K Investment Management LLC grew its stake in Schneider National by 8.7% in the fourth 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 in the last quarter. State Street Corp increased its position in Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after purchasing an additional 743,800 shares during the last quarter. Copeland Capital Management LLC raised its position in Schneider National by 2.4% during the fourth quarter. Copeland Capital Management LLC now owns 1,622,974 shares of the company’s stock valued at $47,521,000 after acquiring an additional 38,796 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Schneider National by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 822,060 shares of the company’s stock worth $24,070,000 after purchasing an additional 2,727 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens reissued an “equal weight” rating and set a $30.00 target price (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus lifted their price target on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Bank of America reaffirmed a “neutral” rating and set a $25.00 target price (down previously from $34.00) on shares of Schneider National in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus price target of $28.43.

Schneider National Stock Performance

Schneider National stock opened at $21.65 on Friday. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $33.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The stock has a fifty day moving average price of $25.99 and a two-hundred day moving average price of $28.32. The firm has a market capitalization of $3.80 billion, a P/E ratio of 33.30, a P/E/G ratio of 0.54 and a beta of 1.10.

Schneider National (NYSE:SNDR) last posted its 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 net margin of 2.21% and a return on equity of 4.12%. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National’s payout ratio is presently 58.46%.

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.