Hudson Bay Capital Management LP Buys Shares of 35,046 Schneider National, Inc. $SNDR

Hudson Bay Capital Management LP purchased a new position in shares of Schneider National, Inc. (NYSE:SNDR) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 35,046 shares of the company’s stock, valued at approximately $742,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SNDR. Amalgamated Bank raised its position in shares of Schneider National by 3.2% in the third quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock valued at $312,000 after buying an additional 462 shares during the last quarter. Teza Capital Management LLC boosted its position in Schneider National by 6.2% during the second quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock worth $331,000 after acquiring an additional 802 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Schneider National by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,068 shares of the company’s stock worth $291,000 after acquiring an additional 821 shares during the period. Raymond James Financial Inc. grew its stake in Schneider National by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 183,179 shares of the company’s stock worth $4,424,000 after acquiring an additional 835 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in Schneider National by 4.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock valued at $485,000 after acquiring an additional 900 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer owned 66,275 shares in the company, valued at $1,914,684.75. This represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.43% of the company’s stock.

Schneider National Stock Up 0.4%

Shares of Schneider National stock opened at $23.71 on Monday. The company has a fifty day moving average price of $27.96 and a 200 day moving average price of $25.30. The company has a current ratio of 2.13, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. Schneider National, Inc. has a twelve month low of $20.11 and a twelve month high of $30.98. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 40.18, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. Equities research analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National declared that its board has authorized a share repurchase plan on Wednesday, January 28th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Schneider National Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio (DPR) is 67.80%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price objective for the company in a research note on Monday, March 9th. Wells Fargo & Company decreased their target price on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 30th. Bank of America raised shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Friday, January 9th. Raymond James Financial raised shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Wednesday, December 3rd. Finally, TD Cowen decreased their price target on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.43.

Schneider National Company Profile

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.