QRG Capital Management Inc. lifted its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 17.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 126,635 shares of the company's stock after acquiring an additional 18,692 shares during the period. QRG Capital Management Inc. owned approximately 0.07% of Schneider National worth $3,614,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in Schneider National by 76.5% during the first quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company's stock worth $6,379,000 after purchasing an additional 122,077 shares during the period. Tidal Investments LLC bought a new position in shares of Schneider National during the 1st quarter worth approximately $468,000. Louisiana State Employees Retirement System bought a new position in shares of Schneider National during the 3rd quarter worth approximately $648,000. BNP Paribas Financial Markets boosted its stake in Schneider National by 4,602.7% in the 1st quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company's stock valued at $3,076,000 after buying an additional 132,973 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Schneider National in the first quarter valued at $489,000. 28.54% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Schneider National from $24.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Benchmark boosted their price target on shares of Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Bank of America lowered shares of Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 price objective for the company. in a report on Monday, July 22nd. Citigroup began coverage on Schneider National in a report on Wednesday, October 9th. They issued a "neutral" rating and a $29.00 target price on the stock. Finally, Evercore ISI dropped their price target on Schneider National from $28.00 to $27.00 and set an "in-line" rating for the company in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Schneider National currently has a consensus rating of "Hold" and a consensus target price of $27.08.
Get Our Latest Stock Analysis on Schneider National
Shares of SNDR opened at $30.44 on Thursday. The business's fifty day moving average price is $27.75 and its two-hundred day moving average price is $25.19. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 2.90 and a beta of 0.85. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $30.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio is 58.46%.
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.
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