Concentric Capital Strategies LP Buys New Position in Schneider National, Inc. (NYSE:SNDR)

Concentric Capital Strategies LP purchased a new position in shares of Schneider National, Inc. (NYSE:SNDR) in the third quarter, HoldingsChannel reports. The fund purchased 24,384 shares of the company’s stock, valued at approximately $696,000.

Other hedge funds also recently made changes to their positions in the company. Deprince Race & Zollo Inc. acquired a new position in Schneider National during the second quarter worth $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Schneider National in the 2nd quarter valued at about $15,216,000. Encompass Capital Advisors LLC acquired a new stake in shares of Schneider National in the second quarter valued at about $12,376,000. Earnest Partners LLC raised its holdings in Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after acquiring an additional 440,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Schneider National by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after purchasing an additional 228,661 shares during the last quarter. 28.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNDR. Susquehanna lowered their price target on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group dropped their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus increased their price target 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. TD Cowen boosted their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Benchmark raised their target price on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and an average price target of $29.08.

Schneider National Stock Performance

Shares of NYSE SNDR opened at $31.87 on Wednesday. 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 has a market cap of $5.58 billion, a price-to-earnings ratio of 51.40, a P/E/G ratio of 3.45 and a beta of 0.90. The stock’s fifty day moving average price is $29.37 and its two-hundred day moving average price is $26.51. Schneider National, Inc. has a one year low of $20.50 and a one year high of $33.90.

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 business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. On average, equities analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The business 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. This represents a $0.38 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is currently 61.29%.

Insider Buying and Selling

In other Schneider National news, 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 completion of the sale, the executive vice president now directly owns 66,526 shares in the company, valued at $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at approximately $8,833,959.70. This represents a 10.72 % decrease in their position. The disclosure for this sale can be found here. 18.83% of the stock is currently owned by company insiders.

Schneider National 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.