HighTower Advisors LLC Buys Shares of 46,810 Schneider National, Inc. (NYSE:SNDR)

HighTower Advisors LLC acquired a new stake in Schneider National, Inc. (NYSE:SNDR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,810 shares of the company’s stock, valued at approximately $1,140,000.

A number of other hedge funds have also modified their holdings of SNDR. BlackRock Inc. grew its holdings in Schneider National by 43.2% during the 1st quarter. BlackRock Inc. now owns 3,352,366 shares of the company’s stock worth $83,709,000 after acquiring an additional 1,012,051 shares in the last quarter. Morgan Stanley raised its position in Schneider National by 25.4% during the 4th quarter. Morgan Stanley now owns 2,713,676 shares of the company’s stock worth $56,174,000 after buying an additional 550,147 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Schneider National by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,029 shares of the company’s stock valued at $39,826,000 after buying an additional 25,441 shares in the last quarter. Associated Banc Corp lifted its position in shares of Schneider National by 71.2% during the 1st quarter. Associated Banc Corp now owns 1,310,301 shares of the company’s stock valued at $25,341,000 after acquiring an additional 545,125 shares during the period. Finally, Northern Trust Corp boosted its position in Schneider National by 5.6% during the fourth quarter. Northern Trust Corp now owns 954,484 shares of the company’s stock worth $19,759,000 after purchasing an additional 50,417 shares in the last quarter. 26.32% of the stock is owned by institutional investors.

NYSE:SNDR opened at $22.69 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.00 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.03 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03. Schneider National, Inc. has a one year low of $20.20 and a one year high of $28.13. The stock has a 50-day moving average price of $24.83.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, April 29th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Schneider National had a return on equity of 10.63% and a net margin of 4.78%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. As a group, analysts expect that Schneider National, Inc. will post 1.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 8th. Shareholders of record on Friday, June 11th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $0.28 annualized dividend and a yield of 1.23%. Schneider National’s payout ratio is 22.40%.

A number of analysts have issued reports on SNDR shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price target (down from $29.00) on shares of Schneider National in a research note on Tuesday, March 16th. Morgan Stanley raised their price objective on Schneider National from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, April 30th. Susquehanna raised their target price on Schneider National from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, April 13th. Stephens cut Schneider National from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 31st. Finally, UBS Group reiterated a “neutral” rating and set a $27.00 price objective (up previously from $26.00) on shares of Schneider National in a research note on Wednesday, March 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.65.

Schneider National Company Profile

Schneider National, Inc, a surface transportation and logistics solutions company, provides truckload, intermodal, and logistics services in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as customized solutions for time-sensitive loads.

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Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

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