AlphaCrest Capital Management LLC Acquires 26,784 Shares of Schneider National, Inc. (NYSE:SNDR)

AlphaCrest Capital Management LLC raised its holdings in Schneider National, Inc. (NYSE:SNDRGet Rating) by 51.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,956 shares of the company’s stock after buying an additional 26,784 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Schneider National were worth $1,767,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mutual Advisors LLC lifted its holdings in shares of Schneider National by 4.2% during the first quarter. Mutual Advisors LLC now owns 15,384 shares of the company’s stock valued at $392,000 after purchasing an additional 619 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Schneider National by 83.2% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 17,587 shares of the company’s stock worth $448,000 after purchasing an additional 7,987 shares during the period. American Century Companies Inc. grew its holdings in Schneider National by 159.6% during the first quarter. American Century Companies Inc. now owns 500,560 shares of the company’s stock valued at $12,764,000 after purchasing an additional 307,768 shares during the period. Treasurer of the State of North Carolina increased its position in Schneider National by 19.8% in the second quarter. Treasurer of the State of North Carolina now owns 22,850 shares of the company’s stock worth $511,000 after buying an additional 3,777 shares in the last quarter. Finally, Associated Banc Corp raised its stake in shares of Schneider National by 31.6% in the second quarter. Associated Banc Corp now owns 221,548 shares of the company’s stock worth $4,958,000 after buying an additional 53,206 shares during the period. 27.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SNDR. Citigroup reduced their target price on shares of Schneider National from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, October 7th. Credit Suisse Group reduced their target price on Schneider National from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Stifel Nicolaus dropped their price target on Schneider National from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, October 5th. UBS Group raised shares of Schneider National from a “neutral” rating to a “buy” rating and lowered their price target for the company from $28.00 to $20.00 in a report on Friday, November 11th. Finally, Evercore ISI raised Schneider National from an “in-line” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Monday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National has a consensus rating of “Hold” and a consensus target price of $27.62.

Schneider National Stock Performance

SNDR stock opened at $25.45 on Thursday. Schneider National, Inc. has a twelve month low of $20.26 and a twelve month high of $27.50. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.41 and a beta of 1.01. The business’s fifty day simple moving average is $22.18 and its two-hundred day simple moving average is $23.03. The company has a quick ratio of 1.86, a current ratio of 1.92 and a debt-to-equity ratio of 0.05.

Schneider National (NYSE:SNDRGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.73 billion. Schneider National had a net margin of 7.28% and a return on equity of 19.14%. Analysts predict that Schneider National, Inc. will post 2.62 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Friday, December 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. Schneider National’s payout ratio is currently 11.85%.

Insider Buying and Selling

In other news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the insider now directly owns 134,497 shares in the company, valued at $3,362,425. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.97% of the stock is owned by insiders.

About Schneider National

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Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.

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

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