Occudo Quantitative Strategies LP Takes Position in Schneider National, Inc. (NYSE:SNDR)

Occudo Quantitative Strategies LP acquired a new stake in Schneider National, Inc. (NYSE:SNDR) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,416 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its holdings in Schneider National by 237.9% in the 4th quarter. Huntington National Bank now owns 1,416 shares of the company’s stock worth $41,000 after acquiring an additional 997 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Schneider National by 74.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock worth $42,000 after acquiring an additional 612 shares during the period. Blue Trust Inc. boosted its holdings in Schneider National by 489.1% in the 4th quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock worth $46,000 after acquiring an additional 1,350 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Schneider National in the 4th quarter worth approximately $48,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in Schneider National by 4,856.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company’s stock worth $69,000 after acquiring an additional 2,331 shares during the period. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Stock Performance

SNDR stock opened at $24.41 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $4.28 billion, a P/E ratio of 37.55, a P/E/G ratio of 0.54 and a beta of 1.11. Schneider National, Inc. has a 12-month low of $20.59 and a 12-month high of $33.90. The stock’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $27.14.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.43 billion. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. As a group, equities research analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Schneider National’s dividend payout ratio is currently 54.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNDR shares. UBS Group decreased their price target on Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Citigroup upgraded Schneider National from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $23.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Susquehanna decreased their price target on Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Finally, Benchmark cut their target price on Schneider National from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Schneider National Company 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.