Quantinno Capital Management LP Boosts Holdings in Schneider National, Inc. $SNDR

Quantinno Capital Management LP increased its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 44.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,993,186 shares of the company’s stock after buying an additional 610,020 shares during the period. Quantinno Capital Management LP’s holdings in Schneider National were worth $52,540,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Schneider National by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,015,141 shares of the company’s stock valued at $132,195,000 after buying an additional 158,118 shares during the period. First Trust Advisors LP increased its position in shares of Schneider National by 6.1% during the first quarter. First Trust Advisors LP now owns 2,277,720 shares of the company’s stock worth $60,041,000 after acquiring an additional 130,406 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of Schneider National by 18.3% in the first quarter. Deprince Race & Zollo Inc. now owns 2,160,106 shares of the company’s stock valued at $56,940,000 after acquiring an additional 334,572 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Schneider National by 64.9% in the fourth quarter. AQR Capital Management LLC now owns 2,077,455 shares of the company’s stock valued at $55,115,000 after purchasing an additional 817,259 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Schneider National by 145.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,816,087 shares of the company’s stock valued at $48,181,000 after purchasing an additional 1,076,184 shares during the period. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Trading Down 2.3%

SNDR opened at $35.34 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.83 and a current ratio of 1.95. Schneider National, Inc. has a one year low of $20.11 and a one year high of $39.27. The company has a market cap of $6.19 billion, a P/E ratio of 63.11, a PEG ratio of 0.99 and a beta of 1.17. The business’s 50-day simple moving average is $36.41 and its 200-day simple moving average is $31.24.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Schneider National had a net margin of 1.73% and a return on equity of 3.45%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $0.16 EPS. The company’s revenue was down .2% compared to the same quarter last year. As a group, equities research analysts expect that Schneider National, Inc. will post 0.91 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 11th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 11th. Schneider National’s dividend payout ratio (DPR) is currently 71.43%.

Insider Activity at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 20,271 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $37.15, for a total value of $753,067.65. Following the completion of the transaction, the executive vice president owned 77,174 shares in the company, valued at $2,867,014.10. This represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Shaleen Devgun sold 8,352 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $38.59, for a total value of $322,303.68. Following the transaction, the executive vice president directly owned 38,619 shares in the company, valued at approximately $1,490,307.21. The trade was a 17.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 31,048 shares of company stock valued at $1,150,304 over the last ninety days. Insiders own 23.64% of the company’s stock.

Analysts Set New Price Targets

SNDR has been the topic of several recent research reports. Weiss Ratings downgraded Schneider National from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Raymond James Financial reiterated a “market perform” rating on shares of Schneider National in a research note on Monday, April 20th. TD Cowen boosted their price objective on Schneider National from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Robert W. Baird upped their target price on shares of Schneider National from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company raised their target price on shares of Schneider National from $33.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.31.

Schneider National Company 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.