Principal Financial Group Inc. Makes New Investment in Schneider National, Inc. (NYSE:SNDR)

Principal Financial Group Inc. purchased a new position in Schneider National, Inc. (NYSE:SNDR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 221,685 shares of the company’s stock, valued at approximately $6,327,000.

A number of other hedge funds also recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new stake in Schneider National during the 3rd quarter worth approximately $73,000. Quarry LP acquired a new position in shares of Schneider National in the third quarter valued at approximately $90,000. SG Americas Securities LLC acquired a new position in shares of Schneider National in the third quarter valued at approximately $109,000. Hills Bank & Trust Co bought a new stake in shares of Schneider National during the third quarter worth $112,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Schneider National by 356.5% during the third quarter. BNP Paribas Financial Markets now owns 4,894 shares of the company’s stock worth $140,000 after acquiring an additional 3,822 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

Insider Activity at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 18,248 shares of Schneider National stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at $2,200,014.82. The trade was a 21.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark B. Rourke sold 32,057 shares of the company’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 sale, the chief operating officer now owns 266,887 shares of the company’s stock, valued at approximately $8,833,959.70. The trade was a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,555 shares of company stock worth $2,153,011. Insiders own 32.68% of the company’s stock.

Schneider National Trading Down 0.1 %

Schneider National stock opened at $29.28 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The stock has a 50-day simple moving average of $30.48 and a 200 day simple moving average of $27.73. The stock has a market capitalization of $5.13 billion, a P/E ratio of 47.23, a PEG ratio of 3.24 and a beta of 0.89. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $33.90.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Analysts expect that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The business 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 dividend yield of 1.30%. The ex-dividend date is Friday, December 13th. Schneider National’s payout ratio is 61.29%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SNDR shares. Evercore ISI lowered their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Susquehanna dropped their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Benchmark upped their price target on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Bank of America raised their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $29.08.

Schneider National 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.