Illinois Municipal Retirement Fund Boosts Stock Position in Schneider National, Inc. (NYSE:SNDR)

Illinois Municipal Retirement Fund raised its stake in Schneider National, Inc. (NYSE:SNDR) by 36.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,848 shares of the company’s stock after purchasing an additional 6,845 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Schneider National were worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC grew its position in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after buying an additional 450 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of 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. Future Financial Wealth Managment LLC purchased a new stake in shares of Schneider National in the fourth quarter valued at about $59,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Schneider National during the third quarter worth about $73,000. Finally, Quarry LP purchased a new position in Schneider National during the third quarter worth about $90,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Stock Performance

Shares of SNDR opened at $26.07 on Tuesday. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $33.90. The stock has a market cap of $4.57 billion, a P/E ratio of 40.11, a PEG ratio of 0.54 and a beta of 0.93. 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 company has a 50-day moving average of $28.77 and a two-hundred day moving average of $28.90.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, research analysts predict that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, March 14th. Schneider National’s payout ratio is currently 58.46%.

Insider Activity at Schneider National

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction of $198,062.50. Following the transaction, the chief accounting officer now owns 155,366 shares of the company’s stock, valued at $4,923,548.54. This represents a 3.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shaleen Devgun sold 10,000 shares of Schneider National 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 directly owns 95,191 shares of the company’s stock, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SNDR shares. Benchmark lifted their price objective on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and decreased their price target for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Bank of America increased their price objective on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna raised their target price on Schneider National from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus upped their price target on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.85.

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.