Schneider National, Inc. (NYSE:SNDR) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506,302 shares of the company's stock after purchasing an additional 34,405 shares during the quarter. Northern Trust Corp owned approximately 0.29% of Schneider National worth $14,825,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Truist Financial Corp increased its holdings in Schneider National by 0.6% in the 4th quarter. Truist Financial Corp now owns 88,613 shares of the company's stock valued at $2,595,000 after buying an additional 528 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Schneider National by 74.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company's stock valued at $42,000 after purchasing an additional 612 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Schneider National by 2.6% in the 4th 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 in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Schneider National by 4.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,606 shares of the company's stock valued at $574,000 after purchasing an additional 910 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Schneider National by 1.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 56,123 shares of the company's stock valued at $1,643,000 after purchasing an additional 916 shares in the last quarter. 28.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SNDR shares. UBS Group reduced their price target on shares of Schneider National from $32.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Stephens restated an "equal weight" rating and issued a $30.00 price target (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on shares of Schneider National from $32.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group cut their target price on shares of Schneider National from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.50.

Schneider National Stock Down 1.5%

Schneider National stock traded down $0.36 on Wednesday, hitting $23.82. 25,441 shares of the stock traded hands, compared to its average volume of 817,785. Schneider National, Inc. has a 1 year low of $20.59 and a 1 year high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $22.84 and its 200 day simple moving average is $27.08. The firm has a market cap of $4.17 billion, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $0.11 EPS. Schneider National's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side 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 announced 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. This represents a $0.38 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, June 13th. Schneider National's dividend payout ratio is currently 54.29%.

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.