Caprock Group LLC Acquires Shares of 31,141 Schneider National, Inc. $SNDR

Caprock Group LLC bought a new position in Schneider National, Inc. (NYSE:SNDR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 31,141 shares of the company’s stock, valued at approximately $659,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in shares of Schneider National by 2.2% in the third quarter. Rhumbline Advisers now owns 182,258 shares of the company’s stock valued at $3,857,000 after purchasing an additional 3,906 shares during the period. MQS Management LLC purchased a new stake in shares of Schneider National in the 3rd quarter worth $749,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Schneider National by 3.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 124,069 shares of the company’s stock worth $2,625,000 after buying an additional 4,070 shares during the period. Hantz Financial Services Inc. grew its position in shares of Schneider National by 136.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,284 shares of the company’s stock worth $175,000 after buying an additional 4,784 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Schneider National by 29.9% during the third quarter. Allianz Asset Management GmbH now owns 156,712 shares of the company’s stock valued at $3,316,000 after buying an additional 36,117 shares during the period. Institutional investors own 28.54% of the company’s stock.

Schneider National Trading Up 0.6%

Shares of NYSE:SNDR opened at $28.76 on Tuesday. The business’s 50-day moving average is $28.35 and its 200 day moving average is $24.98. Schneider National, Inc. has a 1 year low of $20.11 and a 1 year high of $30.98. The firm has a market capitalization of $5.04 billion, a P/E ratio of 48.74, a P/E/G ratio of 0.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.23 and a quick ratio of 1.93.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. Schneider National’s revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 28th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, March 13th. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio (DPR) is currently 64.41%.

Analyst Upgrades and Downgrades

SNDR has been the subject of a number of research reports. Raymond James Financial raised shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Wednesday, December 3rd. Benchmark reaffirmed a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and set a $27.00 price objective on the stock. in a research note on Friday, February 6th. Wells Fargo & Company cut their price objective on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. lowered their target price on Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Schneider National has a consensus rating of “Hold” and an average target price of $28.43.

About Schneider National

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.