First Trust Advisors LP Raises Stake in Schneider National, Inc. (NYSE:SNDR)

First Trust Advisors LP boosted its holdings in Schneider National, Inc. (NYSE:SNDR) by 87.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,200,452 shares of the company’s stock after acquiring an additional 1,028,789 shares during the quarter. First Trust Advisors LP’s holdings in Schneider National were worth $64,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SNDR. 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 buying an additional 306,275 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Schneider National in the third quarter worth $6,327,000. Raymond James Financial Inc. purchased a new stake in shares of Schneider National in the fourth quarter worth $5,349,000. Vanguard Group Inc. increased its holdings in shares of Schneider National by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company’s stock valued at $127,940,000 after acquiring an additional 172,418 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position 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 worth $58,204,000 after purchasing an additional 158,505 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Schneider National from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. National Bankshares set a $25.00 price target on shares of Schneider National in a research report on Friday, March 28th. Citigroup upgraded shares of Schneider National from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $23.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, UBS Group reduced their price objective on Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.93.

Schneider National Stock Performance

SNDR opened at $22.31 on Wednesday. The company’s 50 day moving average is $24.03 and its 200 day moving average is $27.75. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 0.54 and a beta of 1.10. Schneider National, Inc. has a 12-month low of $20.61 and a 12-month high of $33.90.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, equities research analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, March 14th. Schneider National’s dividend payout ratio (DPR) is currently 58.46%.

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.