Jacobs Levy Equity Management Inc. Increases Stock Position in Schneider National, Inc. (NYSE:SNDR)

Jacobs Levy Equity Management Inc. grew its position in Schneider National, Inc. (NYSE:SNDR) by 50.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 903,826 shares of the company’s stock after purchasing an additional 304,711 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.51% of Schneider National worth $20,463,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Paloma Partners Management Co bought a new position in Schneider National during the first quarter worth about $221,000. Earnest Partners LLC boosted its position in shares of Schneider National by 1.7% in the first quarter. Earnest Partners LLC now owns 1,725,601 shares of the company’s stock valued at $39,068,000 after acquiring an additional 29,015 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Schneider National by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,109 shares of the company’s stock valued at $275,000 after acquiring an additional 1,699 shares during the period. Quadrature Capital Ltd bought a new position in shares of Schneider National in the first quarter valued at approximately $489,000. Finally, MQS Management LLC bought a new position in shares of Schneider National in the first quarter valued at approximately $454,000. Institutional investors own 28.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SNDR. Wells Fargo & Company began coverage on shares of Schneider National in a research note on Friday, June 7th. They issued an “equal weight” rating and a $23.00 target price on the stock. Robert W. Baird lowered their target price on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and issued a $27.00 target price on shares of Schneider National in a research note on Tuesday, July 2nd. Raymond James began coverage on shares of Schneider National in a research note on Wednesday, May 15th. They issued a “market perform” rating on the stock. Finally, UBS Group lifted their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.87.

Schneider National Trading Up 1.4 %

Shares of Schneider National stock traded up $0.37 on Wednesday, hitting $27.17. The stock had a trading volume of 542,265 shares, compared to its average volume of 885,422. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. Schneider National, Inc. has a one year low of $20.50 and a one year high of $31.74. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 2.40 and a beta of 0.85. The stock’s 50-day simple moving average is $23.38 and its two-hundred day simple moving average is $23.05.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate 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 was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, sell-side analysts predict that Schneider National, Inc. will post 0.86 EPS for the current year.

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.