Schwab Charles Investment Management Inc. lifted its position in Schneider National Inc (NYSE:SNDR) by 5.9% in the third quarter, HoldingsChannel.com reports. The firm owned 132,862 shares of the company’s stock after acquiring an additional 7,454 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Schneider National were worth $3,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its position in shares of Schneider National by 3.9% in the 3rd quarter. Macquarie Group Ltd. now owns 89,845 shares of the company’s stock valued at $2,273,000 after purchasing an additional 3,339 shares during the period. Bank of New York Mellon Corp raised its stake in Schneider National by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 109,398 shares of the company’s stock valued at $2,768,000 after acquiring an additional 4,132 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Schneider National during the 3rd quarter valued at approximately $182,000. Meeder Asset Management Inc. purchased a new stake in Schneider National during the 3rd quarter valued at approximately $195,000. Finally, Legal & General Group Plc purchased a new stake in Schneider National during the 2nd quarter valued at approximately $173,000. 21.45% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Steven J. Matheys sold 62,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total transaction of $1,512,500.00. Following the completion of the transaction, the insider now directly owns 816,014 shares of the company’s stock, valued at approximately $19,747,538.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas A. Gannon sold 256,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total value of $6,195,200.00. Following the transaction, the director now directly owns 682,991 shares of the company’s stock, valued at $16,528,382.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,258,500 shares of company stock valued at $30,533,900.

Several research firms have commented on SNDR. Zacks Investment Research raised Schneider National from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, January 10th. KeyCorp reaffirmed a “hold” rating on shares of Schneider National in a research note on Monday, November 13th. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price objective on shares of Schneider National in a research note on Tuesday, January 9th. Citigroup downgraded Schneider National from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, BidaskClub downgraded Schneider National from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Four research 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 company has an average rating of “Buy” and an average target price of $26.10.

Shares of Schneider National Inc (NYSE SNDR) opened at $28.98 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.93 and a current ratio of 2.12. The company has a market capitalization of $5,130.00 and a P/E ratio of 32.93. Schneider National Inc has a one year low of $17.69 and a one year high of $29.36.

Schneider National (NYSE:SNDR) last issued its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.24 earnings per share. equities research analysts predict that Schneider National Inc will post 0.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Thursday, December 14th. Schneider National’s dividend payout ratio (DPR) is 22.73%.

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About Schneider National

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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Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

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