Geode Capital Management LLC Purchases 115,814 Shares of Schneider National, Inc. (NYSE:SNDR)

Geode Capital Management LLC raised its position in Schneider National, Inc. (NYSE:SNDR) by 18.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 746,272 shares of the company’s stock after acquiring an additional 115,814 shares during the period. Geode Capital Management LLC’s holdings in Schneider National were worth $21,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Schneider National during the third quarter worth about $73,000. Quarry LP acquired a new stake in Schneider National in the 3rd quarter worth approximately $90,000. SG Americas Securities LLC purchased a new stake in Schneider National during the 3rd quarter worth approximately $109,000. Hills Bank & Trust Co acquired a new position in Schneider National during the 3rd quarter valued at approximately $112,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Schneider National by 356.5% in the third quarter. BNP Paribas Financial Markets now owns 4,894 shares of the company’s stock worth $140,000 after buying an additional 3,822 shares during the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Price Performance

Shares of NYSE SNDR opened at $29.54 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The firm’s 50 day simple moving average is $30.40 and its 200-day simple moving average is $27.58. Schneider National, Inc. has a 12 month low of $20.50 and a 12 month high of $33.90. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 3.24 and a beta of 0.90.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Analysts expect that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The firm 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 $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. Schneider National’s dividend payout ratio is presently 61.29%.

Insider Buying and Selling

In related news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares of the company’s stock, valued at approximately $2,764,346.64. The trade was a 9.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas G. Jackson sold 18,248 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the transaction, the executive vice president now owns 66,526 shares of the company’s stock, valued at $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,555 shares of company stock valued at $2,153,011. 32.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SNDR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Susquehanna dropped their price target on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Bank of America increased their price objective on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Evercore ISI decreased their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price target on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.08.

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.