Macquarie Group Ltd. increased its stake in Schneider National Inc (NYSE:SNDR) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,330 shares of the company’s stock after purchasing an additional 4,204 shares during the period. Macquarie Group Ltd. owned 0.06% of Schneider National worth $2,732,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signet Financial Management LLC acquired a new stake in Schneider National in the 2nd quarter valued at approximately $135,000. BlueMountain Capital Management LLC acquired a new position in shares of Schneider National during the 2nd quarter valued at $135,000. Convergence Investment Partners LLC acquired a new position in shares of Schneider National during the 2nd quarter valued at $213,000. NumerixS Investment Technologies Inc acquired a new position in shares of Schneider National during the 2nd quarter valued at $214,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Schneider National during the 2nd quarter valued at $221,000. 24.08% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director James R. Giertz bought 4,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were bought at an average cost of $26.92 per share, for a total transaction of $107,680.00. Following the completion of the acquisition, the director now directly owns 12,237 shares in the company, valued at $329,420.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven J. Matheys sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $26.95, for a total value of $808,500.00. Following the transaction, the insider now owns 778,897 shares in the company, valued at $20,991,274.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,000 shares of company stock valued at $2,434,800. Insiders own 43.46% of the company’s stock.
SNDR opened at $21.61 on Friday. The firm has a market cap of $4.42 billion, a P/E ratio of 22.99, a PEG ratio of 1.26 and a beta of 0.98. Schneider National Inc has a 1 year low of $21.54 and a 1 year high of $30.52. The company has a quick ratio of 2.27, a current ratio of 2.41 and a debt-to-equity ratio of 0.21.
Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Schneider National had a return on equity of 11.61% and a net margin of 9.28%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, analysts predict that Schneider National Inc will post 1.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 8th. Investors of record on Friday, September 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. Schneider National’s payout ratio is 25.53%.
SNDR has been the topic of several research analyst reports. Bank of America cut Schneider National from a “buy” rating to an “underperform” rating and lowered their price target for the company from $35.00 to $27.00 in a research report on Thursday, August 9th. Zacks Investment Research lowered Schneider National from a “buy” rating to a “hold” rating in a research note on Saturday, September 1st. ValuEngine lowered Schneider National from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Stifel Nicolaus began coverage on Schneider National in a research note on Friday, June 29th. They set a “hold” rating and a $29.00 price objective for the company. Finally, Buckingham Research reduced their price objective on Schneider National from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Schneider National currently has a consensus rating of “Hold” and an average price target of $31.13.
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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