Scopus Asset Management L.P. Buys Shares of 1,349,940 Schneider National Inc (SNDR)
Scopus Asset Management L.P. bought a new stake in shares of Schneider National Inc (NYSE:SNDR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,349,940 shares of the company’s stock, valued at approximately $37,137,000. Scopus Asset Management L.P. owned 0.76% of Schneider National at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley raised its position in shares of Schneider National by 20.2% in the 2nd quarter. Morgan Stanley now owns 3,728,025 shares of the company’s stock valued at $102,558,000 after acquiring an additional 626,317 shares during the period. BlackRock Inc. raised its position in shares of Schneider National by 0.3% in the 1st quarter. BlackRock Inc. now owns 2,345,825 shares of the company’s stock valued at $61,133,000 after acquiring an additional 6,542 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Schneider National in the 1st quarter valued at approximately $44,209,000. Foresters Investment Management Company Inc. raised its position in shares of Schneider National by 0.5% in the 1st quarter. Foresters Investment Management Company Inc. now owns 1,522,600 shares of the company’s stock valued at $39,679,000 after acquiring an additional 8,000 shares during the period. Finally, Copper Rock Capital Partners LLC raised its position in shares of Schneider National by 39.3% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 1,202,804 shares of the company’s stock valued at $32,620,000 after acquiring an additional 339,261 shares during the period. Institutional investors own 24.09% of the company’s stock.
SNDR has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Schneider National in a research report on Friday, June 29th. They issued a “hold” rating and a $29.00 price target on the stock. ValuEngine downgraded shares of Schneider National from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. Morgan Stanley increased their price target on shares of Schneider National from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Bank of America downgraded shares of Schneider National from a “buy” rating to an “underperform” rating and cut their price target for the company from $35.00 to $27.00 in a research report on Thursday, August 9th. Finally, Zacks Investment Research downgraded shares of Schneider National from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $30.67.
SNDR stock traded down $0.10 during mid-day trading on Thursday, hitting $27.20. 5,284 shares of the company were exchanged, compared to its average volume of 425,305. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.27 and a current ratio of 2.41. The company has a market capitalization of $4.80 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 1.37 and a beta of 0.87. Schneider National Inc has a 1-year low of $22.75 and a 1-year high of $30.52.
Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, August 2nd. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. Schneider National had a net margin of 9.28% and a return on equity of 11.61%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. analysts forecast that Schneider National Inc will post 1.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 8th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.24 annualized dividend and a yield of 0.88%. Schneider National’s dividend payout ratio (DPR) is currently 25.53%.
Schneider National Profile
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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