Goodman Financial Corp Acquires 15,473 Shares of Schneider National, Inc. (NYSE:SNDR)

Key Points

• Goodman Financial Corp increased its stake in Schneider National by 3.1%, acquiring an additional 15,473 shares, bringing its total ownership to 522,190 shares valued at approximately $11.93 million.
• Analysts have mixed outlooks on Schneider National; Goldman Sachs raised its rating from "neutral" to "buy" with a target price of $32, while several other brokerages have varied their price targets and ratings.
• Schneider National recently announced a quarterly dividend of $0.095 per share, with a yield of 1.55%, and has a dividend payout ratio of 54.29%.

Goodman Financial Corp lifted its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 522,190 shares of the company's stock after acquiring an additional 15,473 shares during the period. Schneider National comprises approximately 2.6% of Goodman Financial Corp's holdings, making the stock its 24th largest position. Goodman Financial Corp owned approximately 0.30% of Schneider National worth $11,932,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SNDR. Raymond James Financial Inc. bought a new stake in Schneider National in the fourth quarter worth approximately $5,349,000. Wealth Enhancement Advisory Services LLC boosted its stake in Schneider National by 9.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company's stock valued at $408,000 after purchasing an additional 1,474 shares during the period. Woodline Partners LP bought a new position in Schneider National during the fourth quarter worth $8,453,000. New York State Teachers Retirement System boosted its holdings in Schneider National by 33.6% in the 1st quarter. New York State Teachers Retirement System now owns 18,447 shares of the company's stock valued at $422,000 after purchasing an additional 4,637 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Schneider National in the 4th quarter worth $349,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Benchmark lowered their target price on shares of Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Baird R W raised shares of Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. Stifel Nicolaus decreased their price objective on Schneider National from $25.00 to $22.00 and set a "hold" rating on the stock in a report on Friday, May 2nd. Finally, UBS Group dropped their target price on Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.29.

Schneider National Price Performance

Shares of SNDR stock traded up $0.30 during trading hours on Monday, reaching $24.39. 230,736 shares of the company were exchanged, compared to its average volume of 809,939. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.77. The stock's fifty day moving average is $24.69 and its two-hundred day moving average is $24.85. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 0.74 and a beta of 1.11.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. Schneider National's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. Sell-side analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Friday, September 12th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, September 12th. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

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.