GAMMA Investing LLC Boosts Holdings in Schneider National, Inc. (NYSE:SNDR)

GAMMA Investing LLC increased its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 1,128.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,041 shares of the company's stock after acquiring an additional 14,735 shares during the quarter. GAMMA Investing LLC's holdings in Schneider National were worth $367,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SNDR. Empowered Funds LLC bought a new position in shares of Schneider National in the fourth quarter valued at approximately $365,000. Allspring Global Investments Holdings LLC boosted its position in shares of Schneider National by 780.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company's stock valued at $372,000 after acquiring an additional 11,312 shares during the period. Principal Securities Inc. boosted its position in shares of Schneider National by 28.4% in the fourth quarter. Principal Securities Inc. now owns 4,626 shares of the company's stock valued at $135,000 after acquiring an additional 1,022 shares during the period. Principal Financial Group Inc. boosted its position in shares of Schneider National by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 227,735 shares of the company's stock valued at $6,668,000 after acquiring an additional 6,050 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Schneider National by 0.6% in the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company's stock valued at $2,595,000 after acquiring an additional 528 shares during the period. 28.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SNDR. Citigroup upgraded shares of Schneider National from a "sell" rating to a "neutral" rating and cut their price objective for the company from $25.00 to $23.00 in a research report on Tuesday, April 8th. National Bankshares set a $25.00 price objective on shares of Schneider National in a research report on Friday, March 28th. Benchmark dropped their target price on shares of Schneider National from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Finally, Bank of America lifted their target price on shares of Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.14.

Schneider National Price Performance

Shares of SNDR stock traded down $0.20 during trading hours on Friday, hitting $23.72. 1,017,951 shares of the company's stock were exchanged, compared to its average volume of 820,082. The company has a market capitalization of $4.16 billion, a PE ratio of 33.89, a PEG ratio of 0.71 and a beta of 1.10. Schneider National, Inc. has a 12-month low of $20.59 and a 12-month high of $33.90. The business's 50 day simple moving average is $23.29 and its 200-day simple moving average is $25.87. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.19.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. The business's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, equities research analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The firm 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 dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, June 13th. Schneider National's dividend payout ratio (DPR) is presently 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.