Charles Schwab Investment Management Inc. Purchases 83,439 Shares of Schneider National, Inc. (NYSE:SNDR)

Charles Schwab Investment Management Inc. lifted its stake in Schneider National, Inc. (NYSE:SNDR) by 11.3% in the third quarter, HoldingsChannel.com reports. The firm owned 819,333 shares of the company’s stock after purchasing an additional 83,439 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Schneider National were worth $23,384,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Schneider National by 10.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 695,533 shares of the company’s stock worth $19,851,000 after buying an additional 65,720 shares during the period. Commerce Bank boosted its stake in Schneider National by 87.9% in the third quarter. Commerce Bank now owns 16,075 shares of the company’s stock valued at $459,000 after acquiring an additional 7,520 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Schneider National by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after acquiring an additional 48,905 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of Schneider National in the 3rd quarter valued at $202,000. Finally, Natixis Advisors LLC boosted its position in shares of Schneider National by 23.9% in the 3rd quarter. Natixis Advisors LLC now owns 32,937 shares of the company’s stock worth $940,000 after purchasing an additional 6,359 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SNDR shares. Benchmark increased their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group reduced their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Susquehanna reduced their price target on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Schneider National has a consensus rating of “Hold” and a consensus price target of $29.08.

Schneider National Stock Performance

Shares of Schneider National stock opened at $31.51 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 51.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90. The stock’s 50-day moving average is $29.52 and its 200-day moving average is $26.62. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90.

Schneider National (NYSE:SNDR) last released its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Equities analysts predict that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 13th. Schneider National’s payout ratio is 61.29%.

Insider Buying and Selling at Schneider National

In related news, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the transaction, the chief operating officer now directly owns 266,887 shares of the company’s stock, valued at approximately $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares in the company, valued at $2,200,014.82. This trade represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.