Deprince Race & Zollo Inc. Purchases 249,258 Shares of Schneider National, Inc. $SNDR

Key Points

• Deprince Race & Zollo Inc. raised its stake in Schneider National by 15.8%, buying 249,258 shares to hold 1,825,534 shares (about 1.04% of the company) valued at $48.43 million, making SNDR its 26th-largest holding.
• Schneider's board authorized a $150 million share buyback (up to 2.9% of shares) and the company declared a quarterly dividend of $0.10 (annualized $0.40, ~1.4% yield).
• Recent results missed expectations—EPS of $0.13 vs. $0.21 consensus and revenue of $1.25B vs. $1.45B expected—and analysts show a mixed outlook with an average rating of "Moderate Buy" and a mean price target of $28.43.

Deprince Race & Zollo Inc. raised its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,825,534 shares of the company's stock after acquiring an additional 249,258 shares during the quarter. Schneider National comprises 0.9% of Deprince Race & Zollo Inc.'s investment portfolio, making the stock its 26th biggest holding. Deprince Race & Zollo Inc. owned about 1.04% of Schneider National worth $48,431,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Choreo LLC bought a new stake in Schneider National during the fourth quarter valued at $240,000. Aaron Wealth Advisors LLC bought a new stake in Schneider National during the fourth quarter valued at $662,000. Signaturefd LLC boosted its position in Schneider National by 36.3% during the fourth quarter. Signaturefd LLC now owns 6,506 shares of the company's stock valued at $173,000 after acquiring an additional 1,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Schneider National during the fourth quarter valued at $29,469,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Schneider National by 32.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,602 shares of the company's stock valued at $823,000 after acquiring an additional 7,008 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the transaction, the chief financial officer owned 66,275 shares of the company's stock, valued at $1,914,684.75. This represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on SNDR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Schneider National in a research report on Friday, March 27th. National Bank Financial set a $27.00 price target on shares of Schneider National in a research report on Friday, February 6th. TD Cowen cut their price target on shares of Schneider National from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Bank of America raised shares of Schneider National from a "neutral" rating to a "buy" rating and set a $32.00 price target on the stock in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Schneider National has an average rating of "Moderate Buy" and an average price target of $28.43.

Schneider National Price Performance

SNDR stock opened at $28.29 on Monday. The stock has a market capitalization of $4.96 billion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. The company's 50-day moving average is $27.13 and its 200-day moving average is $25.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95. Schneider National, Inc. has a 1 year low of $20.11 and a 1 year high of $30.98.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.Schneider National's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Equities research analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National declared that its Board of Directors has authorized a stock buyback plan on Wednesday, January 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th were given a dividend of $0.10 per share. This is a boost from Schneider National's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Schneider National's payout ratio is currently 67.80%.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry's most recognized carriers.

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