Public Sector Pension Investment Board Purchases 34,214 Shares of Schneider National, Inc. $SNDR

Public Sector Pension Investment Board lifted its position in shares of Schneider National, Inc. (NYSE:SNDR) by 21.4% during the third quarter, Holdings Channel.com reports. The firm owned 194,247 shares of the company’s stock after purchasing an additional 34,214 shares during the period. Public Sector Pension Investment Board’s holdings in Schneider National were worth $4,110,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP increased its stake in Schneider National by 10.7% during the 2nd quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock valued at $95,700,000 after purchasing an additional 381,898 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Schneider National by 14.8% during the second quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock valued at $72,238,000 after buying an additional 386,340 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Schneider National during the second quarter worth about $26,393,000. New York State Common Retirement Fund increased its position in shares of Schneider National by 8.6% during the second quarter. New York State Common Retirement Fund now owns 971,225 shares of the company’s stock worth $23,455,000 after acquiring an additional 77,170 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Schneider National by 30.6% in the 2nd quarter. AQR Capital Management LLC now owns 930,913 shares of the company’s stock worth $22,482,000 after acquiring an additional 217,874 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Insider Buying and Selling

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were 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 in the company, valued at $1,914,684.75. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 32.68% of the company’s stock.

Schneider National Stock Performance

Shares of Schneider National stock opened at $29.36 on Friday. The business’s fifty day simple moving average is $28.53 and its 200 day simple moving average is $25.10. The company has a current ratio of 2.23, a quick ratio of 1.93 and a debt-to-equity ratio of 0.13. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month high of $30.98. The firm has a market capitalization of $5.15 billion, a P/E ratio of 49.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. As a group, analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National declared that its board has approved a stock repurchase plan on Wednesday, January 28th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Schneider National Increases Dividend

The business 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 $0.10 dividend. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. Schneider National’s payout ratio is presently 67.80%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNDR. Bank of America upgraded 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. Raymond James Financial raised Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research report on Wednesday, December 3rd. TD Cowen decreased their price target on Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 30th. Evercore raised their price objective on Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company reduced their target price on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Schneider National currently has an average rating of “Hold” and an average target price of $28.43.

About Schneider National

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.