11,256 Shares in Schneider National, Inc. (NYSE:SNDR) Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC purchased a new position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,256 shares of the company's stock, valued at approximately $257,000.

A number of other large investors have also added to or reduced their stakes in SNDR. Allspring Global Investments Holdings LLC boosted its holdings in shares of Schneider National by 780.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company's stock valued at $372,000 after purchasing an additional 11,312 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Schneider National during the fourth quarter valued at about $5,349,000. Proficio Capital Partners LLC acquired a new stake in shares of Schneider National during the fourth quarter valued at about $997,000. Woodline Partners LP bought a new stake in shares of Schneider National during the fourth quarter worth about $8,453,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Schneider National in the fourth quarter valued at approximately $349,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Schneider National Stock Down 0.7%

Schneider National stock traded down $0.16 during mid-day trading on Friday, reaching $23.76. The stock had a trading volume of 233,094 shares, compared to its average volume of 795,212. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.74 and a current ratio of 1.90. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The stock's 50-day simple moving average is $23.27 and its 200-day simple moving average is $25.96. The firm has a market capitalization of $4.16 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the company earned $0.11 earnings per share. The business's revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, June 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.60%. Schneider National's payout ratio is 54.29%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNDR. The Goldman Sachs Group upgraded shares of Schneider National from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $24.00 to $32.00 in a research report on Monday, June 2nd. Citigroup raised shares of Schneider National from a "sell" rating to a "neutral" rating and dropped their price target for the company from $25.00 to $23.00 in a research note on Tuesday, April 8th. National Bankshares set a $25.00 price objective on shares of Schneider National in a research note on Friday, March 28th. Evercore ISI decreased their price target on Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Finally, Susquehanna lowered their target price on shares of Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 26th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $27.14.

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.