Commerce Bank Raises Stock Position in Schneider National, Inc. (NYSE:SNDR)

Commerce Bank grew its position in Schneider National, Inc. (NYSE:SNDR) by 87.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,075 shares of the company’s stock after purchasing an additional 7,520 shares during the period. Commerce Bank’s holdings in Schneider National were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deprince Race & Zollo Inc. purchased a new position in Schneider National in the second quarter worth approximately $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Schneider National during the 2nd quarter worth about $15,216,000. Encompass Capital Advisors LLC purchased a new stake in Schneider National in the 2nd quarter valued at about $12,376,000. Earnest Partners LLC lifted its position in Schneider National by 25.5% in the second 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 during the last quarter. Finally, Vanguard Group Inc. lifted its position in Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after buying an additional 388,913 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Stock Up 3.9 %

Shares of NYSE:SNDR opened at $33.28 on Wednesday. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $33.47. The firm’s 50 day moving average price is $28.87 and its 200 day moving average price is $26.13. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 3.83 and a beta of 0.85.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm 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 predict that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is 61.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Evercore ISI lowered their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and cut their price objective for the company from $32.00 to $30.00 in a report on Tuesday, November 12th. Finally, Susquehanna lowered their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.77.

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.