Goodman Financial Corp Raises Stock Position in 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 stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 522,190 shares of the company's stock after purchasing an additional 15,473 shares during the quarter. Schneider National accounts for 2.6% of Goodman Financial Corp's holdings, making the stock its 24th biggest holding. Goodman Financial Corp owned approximately 0.30% of Schneider National worth $11,932,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Schneider National in the fourth quarter valued at about $349,000. LPL Financial LLC grew its stake in Schneider National by 132.6% in the fourth quarter. LPL Financial LLC now owns 21,397 shares of the company's stock valued at $627,000 after acquiring an additional 12,198 shares during the period. Vanguard Group Inc. grew its stake in Schneider National by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company's stock valued at $127,940,000 after acquiring an additional 172,418 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Schneider National by 131.7% in the fourth quarter. JPMorgan Chase & Co. now owns 158,658 shares of the company's stock valued at $4,646,000 after purchasing an additional 90,173 shares in the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in shares of Schneider National in the fourth quarter valued at approximately $266,000. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Stock Performance

Shares of NYSE SNDR traded down $0.34 during mid-day trading on Friday, hitting $24.11. The stock had a trading volume of 1,039,597 shares, compared to its average volume of 787,122. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 1.91. The company has a 50 day moving average of $24.69 and a two-hundred day moving average of $24.93. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90. The firm has a market cap of $4.22 billion, a PE ratio of 32.12, a PEG ratio of 0.73 and a beta of 1.11.

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

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be paid a $0.095 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.38 annualized dividend and a dividend yield of 1.6%. Schneider National's payout ratio is 54.29%.

Wall Street Analyst Weigh In

SNDR has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target on Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Citigroup lifted their price target on Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Baird R W upgraded Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. Stifel Nicolaus dropped their price target on Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Finally, UBS Group dropped their price target on Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Schneider National presently has an average rating of "Moderate Buy" and an average price target of $27.29.

Schneider National 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.