Dynamic Technology Lab Private Ltd Takes Position in Schneider National, Inc. $SNDR

Dynamic Technology Lab Private Ltd acquired a new position in Schneider National, Inc. (NYSE:SNDR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 85,777 shares of the company’s stock, valued at approximately $1,815,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNDR. Amalgamated Bank increased its holdings in shares of Schneider National by 3.2% in the third quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock worth $312,000 after purchasing an additional 462 shares during the last quarter. Teza Capital Management LLC boosted its stake in Schneider National by 6.2% during the second quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock valued at $331,000 after buying an additional 802 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Schneider National by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,068 shares of the company’s stock valued at $291,000 after buying an additional 821 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Schneider National by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 183,179 shares of the company’s stock valued at $4,424,000 after buying an additional 835 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Schneider National by 4.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock worth $485,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Price Performance

Shares of Schneider National stock opened at $25.66 on Friday. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 0.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The stock has a 50 day moving average price of $28.63 and a 200-day moving average price of $25.32. Schneider National, Inc. has a one year low of $20.11 and a one year high of $30.98.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. Equities analysts expect that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 28th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Schneider National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 13th. Schneider National’s dividend payout ratio (DPR) is presently 64.41%.

Insider Buying and Selling at Schneider National

In other news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the sale, the chief financial officer owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 32.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNDR. UBS Group reaffirmed a “neutral” rating on shares of Schneider National in a report on Friday, January 30th. Benchmark restated a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and decreased their price target for the company from $32.00 to $26.00 in a research note on Tuesday, February 3rd. Raymond James Financial raised shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Wednesday, December 3rd. Finally, Susquehanna boosted their target price on shares of Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and an average price target of $28.43.

Schneider National Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.