Schneider National, Inc. (NYSE:SNDR) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. First Trust Advisors LP grew its position in shares of Schneider National by 87.8% during the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company's stock worth $64,429,000 after purchasing an additional 1,028,789 shares in the last quarter. American Century Companies Inc. grew its holdings in Schneider National by 14.2% during the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company's stock valued at $72,320,000 after buying an additional 306,275 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Schneider National in the fourth quarter worth $5,349,000. Vanguard Group Inc. lifted its holdings in shares of Schneider National by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company's stock worth $127,940,000 after buying an additional 172,418 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of Schneider National by 8.7% during the fourth quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company's stock worth $58,204,000 after acquiring an additional 158,505 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Schneider National Trading Down 0.2 %

SNDR traded down $0.05 during trading hours on Friday, reaching $22.98. 522,464 shares of the company's stock traded hands, compared to its average volume of 813,474. The firm has a 50-day moving average price of $22.89 and a 200 day moving average price of $27.27. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.03 billion, a PE ratio of 35.35, a PEG ratio of 0.54 and a beta of 1.11. Schneider National, Inc. has a 52-week low of $20.59 and a 52-week high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $0.11 EPS. Schneider National's revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.38 annualized dividend and a yield of 1.65%. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SNDR. Susquehanna decreased their price target on shares of Schneider National from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 26th. The Goldman Sachs Group dropped their price target on Schneider National from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Evercore ISI decreased their price objective on Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company lowered their target price on Schneider National from $32.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Citigroup upgraded shares of Schneider National from a "sell" rating to a "neutral" rating and reduced their price target for the stock from $25.00 to $23.00 in a research report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.43.

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.