Raymond James Financial Inc. Invests $5.35 Million in Schneider National, Inc. (NYSE:SNDR)

Raymond James Financial Inc. purchased a new stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 182,685 shares of the company's stock, valued at approximately $5,349,000. Raymond James Financial Inc. owned approximately 0.10% of Schneider National at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SNDR. GAMMA Investing LLC raised its stake in shares of Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company's stock worth $38,000 after purchasing an additional 450 shares during the last quarter. Truist Financial Corp lifted its position in Schneider National by 0.6% during the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company's stock valued at $2,595,000 after purchasing an additional 528 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Schneider National by 74.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company's stock valued at $42,000 after purchasing an additional 612 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Schneider National by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company's stock worth $822,000 after purchasing an additional 710 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in shares of Schneider National by 4.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,606 shares of the company's stock valued at $574,000 after buying an additional 910 shares during the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNDR has been the topic of a number of recent research reports. Stephens restated an "equal weight" rating and issued a $30.00 target price (down previously from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Citigroup raised shares of Schneider National from a "sell" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $23.00 in a research note on Tuesday, April 8th. National Bankshares set a $25.00 price target on Schneider National in a report on Friday, March 28th. Benchmark dropped their price objective on Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Bank of America reaffirmed a "neutral" rating and set a $25.00 target price (down from $34.00) on shares of Schneider National in a research note on Friday, March 28th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.93.

Schneider National Price Performance

SNDR traded up $0.56 on Thursday, reaching $22.05. 178,691 shares of the company's stock were exchanged, compared to its average volume of 815,316. The stock has a market cap of $3.87 billion, a PE ratio of 34.00, a P/E/G ratio of 0.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90. The stock's fifty day moving average price is $23.39 and its 200-day moving average price is $27.53.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. Sell-side analysts expect that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.72%. Schneider National's payout ratio is currently 58.46%.

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.