New York State Common Retirement Fund Trims Stake in Schneider National, Inc. (NYSE:SNDR)

New York State Common Retirement Fund lessened its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 20.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 894,055 shares of the company's stock after selling 228,651 shares during the period. New York State Common Retirement Fund owned approximately 0.51% of Schneider National worth $20,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Schneider National by 87.8% during the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company's stock worth $64,429,000 after buying an additional 1,028,789 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Schneider National by 14.2% in the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company's stock worth $72,320,000 after acquiring an additional 306,275 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Schneider National by 4,324.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company's stock worth $9,152,000 after buying an additional 305,497 shares during the last quarter. Woodline Partners LP acquired a new position in Schneider National during the fourth quarter worth $8,453,000. Finally, Two Sigma Advisers LP raised its position in Schneider National by 40.4% in the fourth quarter. Two Sigma Advisers LP now owns 702,900 shares of the company's stock valued at $20,581,000 after purchasing an additional 202,100 shares during the period. Hedge funds and other institutional investors own 28.54% of the company's stock.

Schneider National Stock Down 1.5%

Shares of NYSE:SNDR traded down $0.38 on Friday, hitting $25.10. 86,558 shares of the company's stock were exchanged, compared to its average volume of 821,402. The firm's 50-day moving average is $24.43 and its 200 day moving average is $25.24. The company has a market capitalization of $4.40 billion, a PE ratio of 35.82, a P/E/G ratio of 0.75 and a beta of 1.10. Schneider National, Inc. has a 1-year low of $20.59 and a 1-year high of $33.90. 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 (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.43 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 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. Sell-side analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Friday, June 13th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, June 13th. Schneider National's payout ratio is currently 54.29%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SNDR. Susquehanna cut their price objective on Schneider National from $32.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. Citigroup boosted 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. National Bankshares set a $25.00 price objective on Schneider National in a report on Friday, March 28th. Benchmark cut their price objective on Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Bank of America boosted their target price on Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Schneider National has a consensus rating of "Moderate Buy" and an average price target 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.