KLP Kapitalforvaltning AS Purchases 26,100 Shares of Schneider National, Inc. (NYSE:SNDR)

Key Points

• KLP Kapitalforvaltning AS increased its stake in Schneider National, Inc. by 219.3%, owning a total of 38,000 shares worth $871,000 after purchasing an additional 26,100 shares.
• Research analysts have raised their price targets for Schneider National, with Goldman Sachs upgrading the stock to a "buy" rating and setting a new target of $32.00.
• Schneider National recently announced a quarterly dividend of $0.095 per share, representing an annual yield of 1.48%, with a payout ratio of 54.29%.

KLP Kapitalforvaltning AS boosted its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 219.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,000 shares of the company's stock after acquiring an additional 26,100 shares during the period. KLP Kapitalforvaltning AS's holdings in Schneider National were worth $871,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. KBC Group NV bought a new position in shares of Schneider National in the 1st quarter valued at $28,000. Huntington National Bank increased its stake in shares of Schneider National by 237.9% in the 4th quarter. Huntington National Bank now owns 1,416 shares of the company's stock valued at $41,000 after purchasing an additional 997 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Schneider National in the 4th quarter valued at $48,000. CIBC Private Wealth Group LLC increased its stake in shares of Schneider National by 4,856.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company's stock valued at $69,000 after purchasing an additional 2,331 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Schneider National in the 4th quarter valued at $76,000. Institutional investors own 28.54% of the company's stock.

Schneider National Trading Down 0.5%

Shares of SNDR stock traded down $0.12 on Friday, hitting $24.33. The company had a trading volume of 212,516 shares, compared to its average volume of 808,093. The firm has a market cap of $4.26 billion, a P/E ratio of 34.73, a P/E/G ratio of 0.73 and a beta of 1.10. The stock's 50-day moving average is $24.68 and its two-hundred day moving average is $24.97. 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 twelve month low of $20.59 and a twelve month high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. Schneider National had a return on equity of 4.37% and a net margin of 2.32%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, equities research analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Friday, September 12th will be given a dividend of $0.095 per share. 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 dividend payout ratio is presently 54.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SNDR shares. Stifel Nicolaus cut 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. Bank of America raised their price objective on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Baird R W raised Schneider National to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup raised their price objective on Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and raised their price objective for the company from $24.00 to $32.00 in a report on Monday, June 2nd. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.29.

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.