Crestline Management LP Grows Stake in Schneider National, Inc. (NYSE:SNDR)

Crestline Management LP raised its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 180.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,926 shares of the company's stock after purchasing an additional 39,848 shares during the period. Crestline Management LP's holdings in Schneider National were worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Schneider National by 780.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company's stock worth $372,000 after acquiring an additional 11,312 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Schneider National in the fourth quarter valued at approximately $5,349,000. Proficio Capital Partners LLC bought a new position in Schneider National in the 4th quarter worth approximately $997,000. KLP Kapitalforvaltning AS purchased a new position in Schneider National in the 4th quarter valued at approximately $349,000. Finally, QRG Capital Management Inc. grew its stake in Schneider National by 9.0% in the 4th quarter. QRG Capital Management Inc. now owns 138,027 shares of the company's stock valued at $4,041,000 after buying an additional 11,392 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors.

Schneider National Price Performance

Shares of Schneider National stock traded down $0.30 during trading on Tuesday, hitting $24.45. 194,980 shares of the stock traded hands, compared to its average volume of 812,862. The firm's fifty day moving average is $22.87 and its 200-day moving average is $27.24. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 37.62, 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. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. The firm 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 business posted $0.11 EPS. The business's quarterly revenue was up 6.3% on a year-over-year basis. Research analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The business also recently declared 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 is Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.55%. Schneider National's dividend payout ratio (DPR) is currently 54.29%.

Analyst Ratings Changes

A number of research firms have recently commented on SNDR. Stifel Nicolaus cut their price target on Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Benchmark cut their target price on Schneider National from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Evercore ISI reduced their target price on Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Stephens reissued an "equal weight" rating and issued a $30.00 price target (down from $32.00) on shares of Schneider National in a report on Monday, February 3rd. Finally, National Bankshares set a $25.00 price objective on shares of Schneider National in a research note on Friday, March 28th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.43.

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.