AQR Capital Management LLC Lowers Stock Position in Schneider National, Inc. (NYSE:SNDR)

AQR Capital Management LLC trimmed its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 731,956 shares of the company's stock after selling 212,085 shares during the quarter. AQR Capital Management LLC owned approximately 0.42% of Schneider National worth $21,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company's stock valued at $38,000 after buying an additional 450 shares in the last quarter. Huntington National Bank lifted its holdings in Schneider National by 237.9% during the 4th quarter. Huntington National Bank now owns 1,416 shares of the company's stock worth $41,000 after purchasing an additional 997 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Schneider National by 74.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company's stock valued at $42,000 after buying an additional 612 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company's stock valued at $46,000 after acquiring an additional 1,350 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Schneider National during the fourth quarter valued at $48,000. 28.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SNDR has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on Schneider National from $32.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Benchmark reduced their price target on shares of Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus lowered their price objective on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Susquehanna reduced their target price on shares of Schneider National from $32.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Schneider National from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Schneider National presently has an average rating of "Hold" and a consensus price target of $26.43.

Schneider National Stock Up 0.8 %

SNDR stock traded up $0.17 during trading on Wednesday, hitting $22.41. 480,671 shares of the stock traded hands, compared to its average volume of 813,075. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. 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 1 year low of $20.59 and a 1 year high of $33.90. The firm's 50 day moving average is $22.99 and its two-hundred day moving average is $27.34.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The business had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the firm posted $0.11 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, June 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.70%. Schneider National's payout ratio is 54.29%.

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.