17,829 Shares in Schneider National Inc (SNDR) Acquired by Legato Capital Management LLC
Legato Capital Management LLC purchased a new stake in Schneider National Inc (NASDAQ:SNDR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,829 shares of the company’s stock, valued at approximately $451,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in SNDR. DekaBank Deutsche Girozentrale acquired a new position in Schneider National in the 2nd quarter valued at approximately $111,000. Legal & General Group Plc acquired a new position in Schneider National in the 2nd quarter valued at approximately $173,000. Meeder Asset Management Inc. acquired a new position in Schneider National in the 3rd quarter valued at approximately $195,000. GSA Capital Partners LLP acquired a new position in Schneider National in the 2nd quarter valued at approximately $201,000. Finally, Strs Ohio acquired a new position in Schneider National in the 2nd quarter valued at approximately $212,000.
Several equities analysts have issued reports on SNDR shares. Bank of America Corporation restated a “buy” rating and issued a $25.00 price target (up from $23.00) on shares of Schneider National in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Buckingham Research started coverage on shares of Schneider National in a research report on Friday, October 20th. They set a “buy” rating and a $29.00 price objective for the company. BidaskClub upgraded shares of Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Finally, Robert W. Baird reiterated a “buy” rating and set a $28.00 price objective on shares of Schneider National in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $24.67.
Schneider National Inc (SNDR) traded down $0.48 during trading hours on Friday, reaching $25.49. 429,258 shares of the company’s stock were exchanged.
Schneider National (NASDAQ:SNDR) last issued its earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, December 14th.
Schneider National Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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