Dimensional Fund Advisors LP Has $96.95 Million Stock Position in Schneider National, Inc. (NYSE:SNDR)

Dimensional Fund Advisors LP grew its stake in Schneider National, Inc. (NYSE:SNDR) by 6.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,013,001 shares of the company’s stock after buying an additional 228,661 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Schneider National were worth $96,953,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Schneider National during the fourth quarter worth about $11,027,000. Quest Partners LLC bought a new position in shares of Schneider National during the 4th quarter worth approximately $102,000. Hsbc Holdings PLC raised its holdings in shares of Schneider National by 24.7% in the fourth quarter. Hsbc Holdings PLC now owns 76,738 shares of the company’s stock valued at $1,958,000 after purchasing an additional 15,197 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Schneider National by 0.9% in the fourth quarter. Allianz Asset Management GmbH now owns 955,872 shares of the company’s stock worth $24,327,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Schneider National by 68.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 40,482 shares of the company’s stock worth $1,030,000 after purchasing an additional 16,432 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Schneider National Trading Up 1.4 %

Shares of Schneider National stock opened at $28.35 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. The business has a fifty day simple moving average of $26.86 and a two-hundred day simple moving average of $23.96. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $28.97. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 2.58 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the company posted $0.45 EPS. Schneider National’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts forecast that Schneider National, Inc. will post 0.85 EPS for the current year.

Schneider National Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. UBS Group lifted their target price on Schneider National from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Benchmark increased their price target on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus downgraded Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Thursday, August 8th. Finally, Bank of America cut Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Insider Activity

In related news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total transaction 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 SEC, which is accessible through the SEC website. 32.68% of the stock is owned by company insiders.

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.