Teacher Retirement System of Texas Buys New Stake in Schneider National, Inc. (NYSE:SNDR)

Teacher Retirement System of Texas bought a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,290 shares of the company's stock, valued at approximately $395,000.

A number of other large investors have also modified their holdings of the stock. New York State Teachers Retirement System grew its stake in shares of Schneider National by 33.6% in the first quarter. New York State Teachers Retirement System now owns 18,447 shares of the company's stock valued at $422,000 after buying an additional 4,637 shares in the last quarter. KBC Group NV acquired a new stake in shares of Schneider National in the first quarter valued at about $28,000. Oppenheimer Asset Management Inc. boosted its holdings in Schneider National by 2.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 121,172 shares of the company's stock valued at $2,769,000 after purchasing an additional 3,451 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Schneider National by 1.1% in the first quarter. QRG Capital Management Inc. now owns 139,500 shares of the company's stock valued at $3,188,000 after purchasing an additional 1,473 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Schneider National by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company's stock valued at $408,000 after purchasing an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group reduced their price target on Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Evercore ISI reduced their price target on Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. National Bankshares set a $25.00 price target on Schneider National in a report on Friday, March 28th. Robert W. Baird assumed coverage on Schneider National in a report on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 price target for the company. Finally, Bank of America increased their price target on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Eight 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.29.

Schneider National Stock Performance

Shares of NYSE SNDR traded down $0.42 during mid-day trading on Friday, hitting $25.06. The company had a trading volume of 1,241,991 shares, compared to its average volume of 825,856. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 0.75 and a beta of 1.10. Schneider National, Inc. has a 12 month low of $20.59 and a 12 month high of $33.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.90 and a quick ratio of 1.74. The firm's 50 day simple moving average is $24.43 and its two-hundred day simple moving average is $25.24.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.43 billion. Schneider National had a return on equity of 4.37% and a net margin of 2.32%. The business's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. As a group, equities research analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Friday, June 13th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, June 13th. Schneider National's dividend payout ratio (DPR) is 54.29%.

Schneider National Company 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.