Schmidt P J Investment Management Inc. Cuts Stake in Schneider National, Inc. (NYSE:SNDR)

Schmidt P J Investment Management Inc. trimmed its holdings in Schneider National, Inc. (NYSE:SNDR - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,077,059 shares of the company's stock after selling 117,500 shares during the period. Schneider National accounts for approximately 5.3% of Schmidt P J Investment Management Inc.'s holdings, making the stock its 3rd largest position. Schmidt P J Investment Management Inc. owned about 0.61% of Schneider National worth $26,733,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Schneider National by 2,156.3% in the fourth quarter. International Assets Investment Management LLC now owns 19,088 shares of the company's stock worth $486,000 after buying an additional 18,242 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in Schneider National by 40.1% in the 4th quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company's stock worth $17,635,000 after purchasing an additional 197,750 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Schneider National during the fourth quarter worth approximately $12,547,000. Quent Capital LLC grew its holdings in Schneider National by 64.0% during the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company's stock valued at $46,000 after purchasing an additional 708 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Schneider National by 21.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 81,144 shares of the company's stock valued at $2,065,000 after purchasing an additional 14,293 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Schneider National Stock Performance

SNDR traded down $0.32 during trading on Friday, reaching $21.68. 570,881 shares of the company's stock were exchanged, compared to its average volume of 832,474. The company has a market capitalization of $3.82 billion, a P/E ratio of 16.30, a PEG ratio of 1.22 and a beta of 0.89. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $23.06 and a 200 day moving average price of $24.20. Schneider National, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $31.74.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.64 earnings per share. Schneider National's revenue was down 12.2% on a year-over-year basis. As a group, analysts predict that Schneider National, Inc. will post 1.15 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 8th were paid a $0.095 dividend. This is a positive change from Schneider National's previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, March 7th. Schneider National's dividend payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Schneider National from $29.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday, April 4th. TD Cowen decreased their price target on shares of Schneider National from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, February 2nd. Benchmark reaffirmed a "buy" rating and issued a $27.00 price target on shares of Schneider National in a research report on Friday. Stephens reissued an "equal weight" rating and set a $28.00 price objective on shares of Schneider National in a research report on Monday, February 5th. Finally, Susquehanna decreased their target price on Schneider National from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, March 25th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.29.

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.