Victory Capital Management Inc. Has $4.28 Million Stake in Schneider National, Inc. (NYSE:SNDR)

Key Points

• Victory Capital Management Inc. increased its stake in Schneider National, Inc. by 149.2%, owning 187,326 shares valued at approximately $4.28 million as of its latest SEC filing.
• Schneider National reported a quarterly earnings per share (EPS) of $0.16, beating expectations and reflecting a 6.3% year-over-year revenue growth with a total revenue of $1.40 billion.
• The company announced a quarterly dividend of $0.095 per share, representing an annualized yield of 1.46% and a payout ratio of 54.29%.

Victory Capital Management Inc. raised its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 149.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,326 shares of the company's stock after buying an additional 112,161 shares during the period. Victory Capital Management Inc. owned about 0.11% of Schneider National worth $4,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. KBC Group NV purchased a new position in shares of Schneider National in the 1st quarter valued at $28,000. Huntington National Bank grew its holdings 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 worth $41,000 after acquiring an additional 997 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Schneider National in the fourth quarter valued at approximately $48,000. CIBC Private Wealth Group LLC lifted its position in shares of Schneider National by 4,856.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company's stock valued at $69,000 after acquiring an additional 2,331 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Schneider National during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Schneider National Stock Performance

Shares of NYSE:SNDR traded down $0.82 on Wednesday, hitting $24.45. The company's stock had a trading volume of 719,191 shares, compared to its average volume of 764,358. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. 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 12 month low of $20.59 and a 12 month high of $33.90. The stock's 50-day moving average is $24.66 and its two-hundred day moving average is $25.00.

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

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Friday, September 12th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.55%. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

Analyst Ratings Changes

Several equities analysts recently commented on SNDR shares. Bank of America upped their target price on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. UBS Group reduced their target price on Schneider National from $32.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI dropped their target price on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group raised shares of Schneider National from a "neutral" rating to a "buy" rating and lifted their price target for the company from $24.00 to $32.00 in a report on Monday, June 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating on the stock in a research note on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.