Encompass Capital Advisors LLC Makes New Investment in Schneider National, Inc. (NYSE:SNDR)

Encompass Capital Advisors LLC purchased a new stake in Schneider National, Inc. (NYSE:SNDR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 512,240 shares of the company’s stock, valued at approximately $12,376,000. Encompass Capital Advisors LLC owned 0.29% of Schneider National at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Schneider National during the 2nd quarter worth $53,000. Hilltop National Bank grew its position in Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after buying an additional 676 shares during the period. Quest Partners LLC purchased a new position in Schneider National in the fourth quarter valued at about $102,000. Covestor Ltd lifted its position in shares of Schneider National by 51.9% during the 1st quarter. Covestor Ltd now owns 7,661 shares of the company’s stock valued at $173,000 after acquiring an additional 2,617 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in shares of Schneider National by 78,622.2% during 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. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNDR has been the subject of several research reports. Bank of America cut Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price objective for the company. in a report on Monday, July 22nd. Wells Fargo & Company initiated coverage on Schneider National in a research note on Friday, June 7th. They set an “equal weight” rating and a $23.00 price target for the company. Susquehanna increased their price objective on shares of Schneider National from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Benchmark lifted their target price 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. Finally, Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.00.

Insiders Place Their Bets

In other news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.68% of the stock is currently owned by insiders.

Schneider National Price Performance

SNDR stock opened at $27.87 on Thursday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.57 and a beta of 0.85. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $28.97. The stock’s fifty day simple moving average is $26.92 and its 200-day simple moving average is $23.99.

Schneider National (NYSE:SNDR) last issued its quarterly 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 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 analyst estimates of $1.35 billion. During the same period last year, the company earned $0.45 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts expect that Schneider National, Inc. will post 0.85 EPS for the current year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, September 13th. Schneider National’s dividend payout ratio (DPR) is 43.18%.

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.