26,671 Shares in Schneider National, Inc. $SNDR Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in Schneider National, Inc. (NYSE:SNDR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,671 shares of the company’s stock, valued at approximately $564,000.

Several other large investors have also bought and sold shares of SNDR. Balyasny Asset Management L.P. purchased a new position in shares of Schneider National during the 2nd quarter worth approximately $26,393,000. Gotham Asset Management LLC boosted its position in shares of Schneider National by 396.1% during the third quarter. Gotham Asset Management LLC now owns 855,802 shares of the company’s stock valued at $18,109,000 after purchasing an additional 683,298 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Schneider National by 644.7% during the second quarter. Quantinno Capital Management LP now owns 620,714 shares of the company’s stock valued at $14,990,000 after purchasing an additional 537,364 shares in the last quarter. First Trust Advisors LP grew its stake in Schneider National by 10.7% in the second quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock worth $95,700,000 after purchasing an additional 381,898 shares during the period. Finally, Millennium Management LLC purchased a new stake in Schneider National in the first quarter worth $7,477,000. 28.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on SNDR shares. Wells Fargo & Company lowered their price objective on Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 30th. Bank of America upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Friday, January 9th. Susquehanna lifted their price target on shares of Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price objective on the stock in a research note on Monday, March 9th. Finally, Evercore raised their target price on shares of Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Schneider National presently has an average rating of “Hold” and an average price target of $28.43.

Schneider National Stock Performance

Shares of SNDR stock opened at $26.39 on Wednesday. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 44.72, a price-to-earnings-growth ratio of 0.76 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. Schneider National, Inc. has a one year low of $20.11 and a one year high of $30.98. The company’s 50-day moving average is $27.47 and its 200 day moving average is $25.36.

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

Schneider National Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio (DPR) is presently 67.80%.

Schneider National declared that its Board of Directors has initiated a share repurchase plan on Wednesday, January 28th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. Following the transaction, the chief financial officer directly owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.64% of the stock is currently owned by insiders.

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.