US Bancorp DE Has $6.61 Million Position in Schneider National, Inc. (NYSE:SNDR)

Key Points

• US Bancorp DE increased its holdings in Schneider National by 142.4% during the first quarter, owning a total of 289,234 shares valued at approximately $6.6 million.
• Schneider National's stock received updated price targets from analysts, with ratings ranging from "strong buy" to "neutral," and an average consensus price target of $27.29.
• The company announced a quarterly dividend of $0.095 per share, equating to an annual yield of 1.5%, with the ex-dividend date set for September 12th.

US Bancorp DE raised its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 142.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 289,234 shares of the company's stock after acquiring an additional 169,890 shares during the quarter. US Bancorp DE owned approximately 0.16% of Schneider National worth $6,609,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Captrust Financial Advisors grew its holdings in shares of Schneider National by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 22,061 shares of the company's stock worth $646,000 after purchasing an additional 867 shares during the last quarter. Huntington National Bank lifted its position in Schneider National by 237.9% during the 4th quarter. Huntington National Bank now owns 1,416 shares of the company's stock valued at $41,000 after purchasing an additional 997 shares during the period. Sterling Capital Management LLC raised its position in shares of Schneider National by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,813 shares of the company's stock valued at $82,000 after acquiring an additional 1,024 shares during the period. Snowden Capital Advisors LLC raised its position in shares of Schneider National by 5.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 23,516 shares of the company's stock valued at $691,000 after acquiring an additional 1,223 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Schneider National in the 1st quarter valued at approximately $28,000. 28.54% of the stock is currently owned by institutional investors.

Schneider National Stock Down 0.3%

NYSE SNDR traded down $0.07 during trading on Friday, reaching $24.09. 180,672 shares of the company's stock were exchanged, compared to its average volume of 809,145. The stock has a market cap of $4.22 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 0.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.91. The company has a 50 day moving average price of $24.79 and a two-hundred day moving average price of $24.78. Schneider National, Inc. has a 1 year low of $20.59 and a 1 year high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last posted 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Schneider National had a return on equity of 4.39% and a net margin of 2.29%. Schneider National's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities research analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be given a $0.095 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.38 annualized dividend and a yield of 1.6%. Schneider National's payout ratio is 54.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SNDR. Bank of America boosted their price target on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird initiated coverage on Schneider National in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 price target for the company. Benchmark decreased their target price on Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Evercore ISI decreased their target price 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, Baird R W upgraded Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.