Squarepoint Ops LLC Invests $847,000 in Schneider National, Inc. (NYSE:SNDR)

Squarepoint Ops LLC bought a new position in Schneider National, Inc. (NYSE:SNDR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,915 shares of the company's stock, valued at approximately $847,000.

A number of other hedge funds have also added to or reduced their stakes in SNDR. Blue Trust Inc. grew its stake in shares of Schneider National by 489.1% during the 4th quarter. Blue Trust Inc. now owns 1,626 shares of the company's stock valued at $46,000 after purchasing an additional 1,350 shares during the period. Copeland Capital Management LLC grew its position in Schneider National by 2.4% during the fourth quarter. Copeland Capital Management LLC now owns 1,622,974 shares of the company's stock valued at $47,521,000 after buying an additional 38,796 shares during the period. Kingsview Wealth Management LLC purchased a new stake in Schneider National during the fourth quarter valued at approximately $222,000. Empowered Funds LLC bought a new position in Schneider National in the fourth quarter worth approximately $365,000. Finally, Allspring Global Investments Holdings LLC raised its position in Schneider National by 780.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company's stock worth $372,000 after acquiring an additional 11,312 shares during the period. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Price Performance

SNDR traded up $0.55 on Tuesday, hitting $23.91. 582,487 shares of the company's stock traded hands, compared to its average volume of 822,798. The company's 50 day simple moving average is $22.82 and its 200-day simple moving average is $26.60. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a one year low of $20.59 and a one year high of $33.90. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 0.54 and a beta of 1.11.

Schneider National (NYSE:SNDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. As a group, research analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.59%. Schneider National's payout ratio is 54.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stephens reissued an "equal weight" rating and set a $30.00 price objective (down previously from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Citigroup raised Schneider National from a "sell" rating to a "neutral" rating and cut their price target for the company from $25.00 to $23.00 in a report on Tuesday, April 8th. Benchmark reduced their price target on Schneider National from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Evercore ISI lowered their price objective on Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Finally, UBS Group cut their price objective 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 and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Schneider National currently has an average rating of "Hold" and an average price target of $27.14.

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.