Dynamic Technology Lab Private Ltd Buys Shares of 85,777 Schneider National, Inc. $SNDR

Dynamic Technology Lab Private Ltd bought a new stake in shares of Schneider National, Inc. (NYSE:SNDR) during the third quarter, HoldingsChannel.com reports. The fund bought 85,777 shares of the company’s stock, valued at approximately $1,815,000.

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

Schneider National Stock Performance

Shares of Schneider National stock opened at $25.66 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $28.63 and its 200-day moving average price is $25.32. The firm has a market cap of $4.50 billion, a P/E ratio of 43.49, a P/E/G ratio of 0.83 and a beta of 1.06. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month high of $30.98.

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

Schneider National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.6%. This is an increase from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio (DPR) is presently 64.41%.

Schneider National announced that its board has authorized a share repurchase program on Wednesday, January 28th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

SNDR has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a report on Monday, December 29th. National Bank Financial set a $27.00 price objective on shares of Schneider National in a research report on Friday, February 6th. UBS Group restated a “neutral” rating on shares of Schneider National in a research note on Friday, January 30th. JPMorgan Chase & Co. reduced their target price on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Finally, TD Cowen decreased their price target on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.43.

Insider Buying and Selling at Schneider National

In other news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the transaction, the chief financial officer directly owned 66,275 shares in the company, valued at approximately $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.68% of the company’s stock.

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.