Schneider National, Inc. (NYSE:SNDR) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 6.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 92,653 shares of the company’s stock after buying an additional 5,569 shares during the period. QRG Capital Management Inc.’s holdings in Schneider National were worth $2,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in Schneider National during the fourth quarter worth approximately $29,000. Quent Capital LLC increased its position in Schneider National by 64.0% during the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock worth $46,000 after buying an additional 708 shares during the period. Principal Securities Inc. acquired a new position in Schneider National during the fourth quarter worth approximately $48,000. Quest Partners LLC acquired a new position in Schneider National during the fourth quarter worth approximately $102,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Schneider National by 78,622.2% in the fourth quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company’s stock valued at $180,000 after purchasing an additional 7,076 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Price Performance

NYSE SNDR traded up $0.85 during trading hours on Tuesday, reaching $25.28. 590,830 shares of the company’s stock were exchanged, compared to its average volume of 806,170. The stock has a market cap of $4.44 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.20 and a beta of 0.85. Schneider National, Inc. has a one year low of $20.50 and a one year high of $31.74. The firm has a fifty day moving average of $22.70 and a 200-day moving average of $23.00. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.03.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.36 billion. Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, equities research analysts predict that Schneider National, Inc. will post 0.88 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, June 7th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.38 annualized dividend and a yield of 1.50%. Schneider National’s dividend payout ratio (DPR) is currently 43.18%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SNDR shares. UBS Group lifted their price target on Schneider National from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. TD Cowen dropped their target price on Schneider National from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Benchmark restated a “buy” rating and set a $27.00 price target on shares of Schneider National in a research note on Tuesday, July 2nd. Robert W. Baird decreased their target price on Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Schneider National in a research report on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.87.

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.