First Trust Advisors LP Buys 1,028,789 Shares of Schneider National, Inc. (NYSE:SNDR)

First Trust Advisors LP lifted its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,200,452 shares of the company's stock after buying an additional 1,028,789 shares during the period. First Trust Advisors LP owned about 1.26% of Schneider National worth $64,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SNDR. GAMMA Investing LLC boosted its stake in Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company's stock worth $38,000 after purchasing an additional 450 shares in the last quarter. Truist Financial Corp grew its holdings in Schneider National by 0.6% during the 4th quarter. Truist Financial Corp now owns 88,613 shares of the company's stock worth $2,595,000 after acquiring an additional 528 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Schneider National by 74.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company's stock worth $42,000 after acquiring an additional 612 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Schneider National by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company's stock valued at $822,000 after purchasing an additional 710 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Schneider National by 4.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,606 shares of the company's stock worth $574,000 after purchasing an additional 910 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Analyst Ratings Changes

SNDR has been the subject of a number of recent research reports. Stephens reissued an "equal weight" rating and set a $30.00 price target (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Schneider National from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Susquehanna dropped their price objective on Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus reduced their target price on Schneider National from $30.00 to $25.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, UBS Group lowered their price target 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. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.93.

Schneider National Price Performance

NYSE:SNDR traded down $0.09 during trading hours on Monday, hitting $21.86. The company's stock had a trading volume of 89,016 shares, compared to its average volume of 814,329. The company has a market capitalization of $3.84 billion, a P/E ratio of 33.62, a PEG ratio of 0.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The stock has a fifty day simple moving average of $23.72 and a 200-day simple moving average of $27.65. Schneider National, Inc. has a twelve month low of $20.61 and a twelve month high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the prior year, the firm earned $0.16 earnings per share. On average, analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.74%. Schneider National's payout ratio is currently 58.46%.

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.