Public Employees Retirement System of Ohio Buys 10,928 Shares of Schneider National Inc (SNDR)

Public Employees Retirement System of Ohio grew its stake in shares of Schneider National Inc (NYSE:SNDR) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,379 shares of the company’s stock after purchasing an additional 10,928 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Schneider National were worth $2,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Schneider National by 32.6% in the first quarter. Wells Fargo & Company MN now owns 158,675 shares of the company’s stock worth $4,136,000 after acquiring an additional 39,030 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Schneider National by 11.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 166,695 shares of the company’s stock worth $4,345,000 after acquiring an additional 17,544 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Schneider National by 0.3% in the first quarter. BlackRock Inc. now owns 2,345,825 shares of the company’s stock worth $61,133,000 after acquiring an additional 6,542 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Schneider National by 17.4% in the first quarter. New York State Common Retirement Fund now owns 280,660 shares of the company’s stock worth $7,314,000 after acquiring an additional 41,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Schneider National in the first quarter worth about $7,385,000. Institutional investors own 24.08% of the company’s stock.

In other news, Director James R. Giertz acquired 4,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were purchased at an average price of $26.92 per share, for a total transaction of $107,680.00. Following the completion of the purchase, the director now directly owns 12,237 shares of the company’s stock, valued at approximately $329,420.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Matheys sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $26.95, for a total value of $808,500.00. Following the sale, the insider now owns 778,897 shares in the company, valued at approximately $20,991,274.15. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock worth $2,434,800 in the last 90 days. 43.46% of the stock is currently owned by insiders.

SNDR has been the topic of several recent analyst reports. Zacks Investment Research upgraded Schneider National from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Saturday, August 18th. Stifel Nicolaus boosted their price target on Schneider National from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, August 6th. Bank of America cut Schneider National from a “buy” rating to an “underperform” rating and cut their price target for the stock from $35.00 to $27.00 in a research note on Thursday, August 9th. Wolfe Research cut Schneider National from a “peer perform” rating to an “underperform” rating in a research note on Friday. Finally, ValuEngine cut Schneider National from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.75.

Shares of NYSE SNDR opened at $23.55 on Tuesday. Schneider National Inc has a 52-week low of $23.27 and a 52-week high of $30.52. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.27 and a current ratio of 2.41.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Schneider National had a return on equity of 11.61% and a net margin of 9.28%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Schneider National’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, equities research analysts predict that Schneider National Inc will post 1.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 8th. Shareholders of record on Friday, September 14th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, September 13th. Schneider National’s payout ratio is currently 25.53%.

About Schneider National

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.

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Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

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