Schmidt P J Investment Management Inc. Has $26.73 Million Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

Schmidt P J Investment Management Inc. reduced its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,077,059 shares of the company’s stock after selling 117,500 shares during the period. Schneider National makes up 5.3% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Schmidt P J Investment Management Inc.’s holdings in Schneider National were worth $26,733,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MetLife Investment Management LLC bought a new stake in shares of Schneider National during the 1st quarter worth $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Schneider National during the 4th quarter worth $29,000. Whittier Trust Co. purchased a new position in Schneider National in the 3rd quarter worth $35,000. Winch Advisory Services LLC raised its position in Schneider National by 61.6% in the 3rd quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock worth $37,000 after purchasing an additional 503 shares during the period. Finally, Quarry LP raised its position in Schneider National by 252.2% in the 1st quarter. Quarry LP now owns 1,627 shares of the company’s stock worth $44,000 after purchasing an additional 1,165 shares during the period. 28.54% of the stock is owned by institutional investors.

Schneider National Trading Down 1.8 %

Shares of NYSE SNDR traded down $0.40 during midday trading on Friday, hitting $21.60. 244,831 shares of the company traded hands, compared to its average volume of 827,519. Schneider National, Inc. has a 12-month low of $21.31 and a 12-month high of $31.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. The stock has a 50-day moving average price of $23.06 and a 200 day moving average price of $24.20. The firm has a market cap of $3.80 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.22 and a beta of 0.89.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. Schneider National’s quarterly revenue was down 12.2% compared to the same quarter last year. As a group, analysts expect that Schneider National, Inc. will post 1.15 earnings per share for the current year.

Schneider National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were paid a dividend of $0.095 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.38 annualized dividend and a yield of 1.76%. This is a positive change from Schneider National’s previous quarterly dividend of $0.09. Schneider National’s payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SNDR shares. Stifel Nicolaus lifted their target price on shares of Schneider National from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Robert W. Baird decreased their target price on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Stephens reiterated an “equal weight” rating and issued a $28.00 target price on shares of Schneider National in a research report on Monday, February 5th. Evercore ISI cut shares of Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 target price on the stock. in a research report on Thursday, January 4th. Finally, TD Cowen decreased their target price on shares of Schneider National from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.29.

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.