Earnest Partners LLC Boosts Stake in Schneider National, Inc. (NYSE:SNDR)

Earnest Partners LLC boosted its holdings in Schneider National, Inc. (NYSE:SNDR) by 1.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,725,601 shares of the company’s stock after purchasing an additional 29,015 shares during the quarter. Earnest Partners LLC’s holdings in Schneider National were worth $39,068,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of Schneider National by 16.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,109 shares of the company’s stock valued at $275,000 after purchasing an additional 1,699 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Schneider National during the first quarter valued at about $489,000. MQS Management LLC purchased a new position in shares of Schneider National during the first quarter valued at about $454,000. CANADA LIFE ASSURANCE Co grew its position in shares of Schneider National by 3.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock valued at $451,000 after purchasing an additional 618 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Schneider National by 129.8% during the first quarter. Bessemer Group Inc. now owns 11,952 shares of the company’s stock valued at $271,000 after purchasing an additional 6,752 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Trading Down 0.4 %

NYSE SNDR traded down $0.11 during trading on Monday, hitting $26.27. The stock had a trading volume of 1,376,003 shares, compared to its average volume of 832,270. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.32 and a current ratio of 1.44. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 2.41 and a beta of 0.85. Schneider National, Inc. has a one year low of $20.50 and a one year high of $31.74. The stock has a 50 day simple moving average of $23.27 and a 200 day simple moving average of $23.03.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $0.55 EPS. The business’s revenue was down 7.7% on a year-over-year basis. Sell-side analysts predict that Schneider National, Inc. will post 0.86 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Friday, June 7th. Schneider National’s dividend payout ratio is presently 43.18%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. UBS Group increased their price target on shares of Schneider National from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company assumed coverage on shares of Schneider National in a report on Friday, June 7th. They issued an “equal weight” rating and a $23.00 price target for the company. Bank of America downgraded shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a report on Monday, July 22nd. Finally, Raymond James assumed coverage on shares of Schneider National in a report on Wednesday, May 15th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.87.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.