Nuveen Asset Management LLC Makes New $10.98 Million Investment in Schneider National Inc (NYSE:SNDR)

Nuveen Asset Management LLC bought a new position in Schneider National Inc (NYSE:SNDR) during the second quarter, HoldingsChannel.com reports. The fund bought 602,152 shares of the company’s stock, valued at approximately $10,982,000.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Schneider National by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 83,164 shares of the company’s stock worth $1,517,000 after purchasing an additional 870 shares during the period. BNP Paribas Arbitrage SA boosted its position in Schneider National by 44.8% during the second quarter. BNP Paribas Arbitrage SA now owns 821,273 shares of the company’s stock valued at $14,980,000 after purchasing an additional 254,002 shares in the last quarter. Janus Henderson Group PLC boosted its position in Schneider National by 8.5% during the second quarter. Janus Henderson Group PLC now owns 18,156 shares of the company’s stock valued at $331,000 after purchasing an additional 1,420 shares in the last quarter. Bessemer Group Inc. boosted its position in Schneider National by 128.2% during the second quarter. Bessemer Group Inc. now owns 15,293 shares of the company’s stock valued at $279,000 after purchasing an additional 8,590 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its position in Schneider National by 502.8% during the second quarter. Meadow Creek Investment Management LLC now owns 24,472 shares of the company’s stock valued at $446,000 after purchasing an additional 20,412 shares in the last quarter. Institutional investors and hedge funds own 24.53% of the company’s stock.

Shares of NYSE SNDR opened at $22.15 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.90 and a current ratio of 1.98. The company has a market cap of $3.79 billion, a PE ratio of 14.87, a P/E/G ratio of 3.89 and a beta of 1.62. The business has a 50-day simple moving average of $21.06 and a two-hundred day simple moving average of $19.69. Schneider National Inc has a fifty-two week low of $16.59 and a fifty-two week high of $23.87.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. Schneider National had a return on equity of 11.94% and a net margin of 4.53%. Schneider National’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. On average, sell-side analysts predict that Schneider National Inc will post 1.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 13th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, September 12th. Schneider National’s dividend payout ratio is presently 15.48%.

A number of brokerages recently weighed in on SNDR. Wolfe Research raised Schneider National from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 28th. Citigroup raised Schneider National from a “neutral” rating to a “buy” rating and raised their price objective for the company from $22.00 to $23.00 in a research report on Tuesday, September 3rd. Morgan Stanley raised their price objective on Schneider National from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus downgraded Schneider National from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research report on Thursday. Finally, UBS Group raised Schneider National from a “neutral” rating to a “buy” rating and raised their price objective for the company from $20.00 to $25.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Schneider National currently has a consensus rating of “Buy” and a consensus target price of $25.60.

Schneider National Company Profile

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.

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

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