Raymond James Financial Inc. Invests $5.35 Million in Schneider National, Inc. (NYSE:SNDR)

Raymond James Financial Inc. purchased a new stake in shares of Schneider National, Inc. (NYSE:SNDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 182,685 shares of the company’s stock, valued at approximately $5,349,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after acquiring an additional 450 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Schneider National by 0.6% during the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company’s stock worth $2,595,000 after purchasing an additional 528 shares during the period. SRS Capital Advisors Inc. grew its position in Schneider National by 74.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Schneider National by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock valued at $822,000 after buying an additional 710 shares during the period. Finally, Principal Securities Inc. lifted its position in Schneider National by 28.4% in the 4th quarter. Principal Securities Inc. now owns 4,626 shares of the company’s stock worth $135,000 after buying an additional 1,022 shares in the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Price Performance

NYSE SNDR opened at $23.39 on Wednesday. The company has a market cap of $4.10 billion, a P/E ratio of 35.98, a P/E/G ratio of 0.54 and a beta of 0.87. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $28.59.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the prior year, the company earned $0.16 EPS. On average, sell-side analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, March 14th. Schneider National’s dividend payout ratio (DPR) is currently 58.46%.

Wall Street Analysts Forecast Growth

SNDR has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Schneider National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their price target on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Stephens reiterated an “equal weight” rating and set a $30.00 price target (down from $32.00) on shares of Schneider National in a report on Monday, February 3rd. Benchmark increased their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, TD Cowen lifted their target price on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. 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. Based on data from MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus target price of $30.85.

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.