Schneider National, Inc. (NYSE:SNDR) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Schneider National, Inc. (NYSE:SNDR) by 11.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,598 shares of the company’s stock after acquiring an additional 1,465 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Schneider National were worth $417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Schneider National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after acquiring an additional 228,661 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Schneider National by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock worth $83,184,000 after purchasing an additional 48,905 shares during the last quarter. Earnest Partners LLC lifted its stake in Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after buying an additional 440,545 shares in the last quarter. American Century Companies Inc. grew its holdings in Schneider National by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock valued at $46,053,000 after buying an additional 186,857 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in Schneider National by 0.3% during the third quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company’s stock worth $45,212,000 after buying an additional 4,458 shares in the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SNDR shares. TD Cowen increased their price objective on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reduced their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. Stifel Nicolaus upped their price objective on shares of Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Evercore ISI decreased their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.08.

Schneider National Stock Performance

NYSE:SNDR opened at $31.47 on Friday. The firm’s fifty day simple moving average is $29.65 and its 200 day simple moving average is $26.75. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $33.90. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 3.33 and a beta of 0.90.

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

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is 61.29%.

Insider Buying and Selling

In related news, COO Mark B. Rourke sold 32,057 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the transaction, the chief operating officer now owns 266,887 shares of the company’s stock, valued at approximately $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the sale, the executive vice president now owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,555 shares of company stock valued at $1,862,611 in the last quarter. Company insiders own 32.68% of the company’s stock.

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.