Royce & Associates LP Has $1.16 Million Stock Position in Schneider National, Inc. (NYSE:SNDR)

Key Points

• Royce & Associates LP reduced its holdings in Schneider National, Inc. by 66.9% in the first quarter, leaving it with 50,616 shares valued at $1,157,000.
• Schneider National reported $0.16 earnings per share for the last quarter, exceeding the consensus estimate of $0.14, with a revenue of $1.40 billion, marking a 6.3% year-over-year increase.
• Schneider National announced a quarterly dividend of $0.095 per share, resulting in an annualized yield of 1.48%.

Royce & Associates LP decreased its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 66.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 50,616 shares of the company's stock after selling 102,327 shares during the period. Royce & Associates LP's holdings in Schneider National were worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDR. KBC Group NV acquired 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 valued at $41,000 after buying an additional 997 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Schneider National in the 4th quarter valued at $48,000. CIBC Private Wealth Group LLC grew its holdings 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 buying an additional 2,331 shares during the period. Finally, Lazard Asset Management LLC acquired 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 Stock Down 0.4%

Shares of Schneider National stock traded down $0.10 during trading hours on Friday, reaching $24.35. 212,516 shares of the company's stock were exchanged, compared to its average volume of 808,093. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $24.68 and a two-hundred day moving average of $24.97. The stock has a market cap of $4.27 billion, a P/E ratio of 34.73, a P/E/G ratio of 0.73 and a beta of 1.10. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.41 billion. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. Schneider National's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. On average, sell-side analysts forecast that Schneider National, Inc. will post 1.12 EPS 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. Shareholders of record on Friday, September 12th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, September 12th. Schneider National's dividend payout ratio is presently 54.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SNDR. UBS Group reduced their target price on shares of Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Bank of America upped their target price on shares of Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Evercore ISI reduced their target price on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group raised shares of Schneider National from a "neutral" rating to a "buy" rating and upped their target price for the stock from $24.00 to $32.00 in a research note on Monday, June 2nd. Finally, Baird R W raised shares of Schneider National to a "strong-buy" rating in a research note on Tuesday, July 1st. Eight 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.