AQR Capital Management LLC Sells 162,350 Shares of Schneider National, Inc. (NYSE:SNDR)

AQR Capital Management LLC lessened its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,677,553 shares of the company’s stock after selling 162,350 shares during the quarter. AQR Capital Management LLC owned 0.96% of Schneider National worth $40,530,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SNDR. Innealta Capital LLC bought a new position in shares of Schneider National in the second quarter valued at approximately $53,000. Hilltop National Bank boosted its holdings in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after acquiring an additional 676 shares during the last quarter. Covestor Ltd boosted its holdings in Schneider National by 51.9% during the 1st quarter. Covestor Ltd now owns 7,661 shares of the company’s stock worth $173,000 after acquiring an additional 2,617 shares during the last quarter. TFO Wealth Partners LLC grew its stake in shares of Schneider National by 78,622.2% in the 4th quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company’s stock worth $180,000 after acquiring an additional 7,076 shares in the last quarter. Finally, FCG Investment Co purchased a new stake in shares of Schneider National in the first quarter valued at about $205,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Trading Up 1.0 %

Shares of NYSE SNDR opened at $28.35 on Friday. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $28.97. The stock has a market cap of $4.97 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 2.61 and a beta of 0.85. The firm has a 50-day moving average of $27.08 and a 200 day moving average of $24.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Schneider National, Inc. will post 0.85 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, September 13th. Schneider National’s dividend payout ratio (DPR) is currently 43.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Benchmark upped their price objective on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company initiated coverage on Schneider National in a report on Friday, June 7th. They issued an “equal weight” rating and a $23.00 target price for the company. Stifel Nicolaus lowered Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Thursday, August 8th. Robert W. Baird boosted their price objective on Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Susquehanna raised their target price on Schneider National from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.31.

Insider Transactions at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the sale, the insider now directly owns 55,726 shares of the company’s stock, valued at approximately $1,538,037.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 32.68% of the company’s stock.

Schneider National Company Profile

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.