Victory Capital Management Inc. boosted its holdings in shares of Schneider National Inc (NYSE:SNDR) by 25.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,691 shares of the company’s stock after purchasing an additional 23,152 shares during the quarter. Victory Capital Management Inc.’s holdings in Schneider National were worth $2,865,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SNDR. Principal Financial Group Inc. bought a new stake in Schneider National during the 1st quarter valued at $251,000. Allianz Asset Management GmbH bought a new stake in Schneider National during the 1st quarter valued at $2,212,000. Amalgamated Bank bought a new stake in Schneider National during the 2nd quarter valued at $256,000. Janney Montgomery Scott LLC bought a new stake in Schneider National during the 2nd quarter valued at $237,000. Finally, CWM LLC bought a new stake in Schneider National during the 2nd quarter valued at $404,000. Institutional investors own 24.94% of the company’s stock.
NYSE SNDR opened at $21.98 on Friday. Schneider National Inc has a 1 year low of $20.14 and a 1 year high of $30.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.34 and a quick ratio of 2.23. The firm has a market capitalization of $3.87 billion, a PE ratio of 15.60, a PEG ratio of 1.10 and a beta of 1.32.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. Schneider National’s payout ratio is 25.53%.
SNDR has been the subject of a number of recent research reports. Wolfe Research lowered shares of Schneider National from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. Zacks Investment Research lowered shares of Schneider National from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Bank of America lowered shares of Schneider National from a “buy” rating to an “underperform” rating and decreased their price target for the company from $35.00 to $27.00 in a research note on Thursday, August 9th. Morgan Stanley upped their target price on shares of Schneider National from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Finally, Stifel Nicolaus upped their target price on shares of Schneider National from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $29.00.
In other news, CFO Stephen L. Bruffett bought 20,000 shares of Schneider National stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average price of $22.44 per share, for a total transaction of $448,800.00. Following the purchase, the chief financial officer now directly owns 29,480 shares in the company, valued at approximately $661,531.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James L. Welch purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average cost of $22.37 per share, for a total transaction of $44,740.00. Following the completion of the acquisition, the director now directly owns 5,472 shares in the company, valued at approximately $122,408.64. The disclosure for this purchase can be found here. In the last quarter, insiders bought 26,000 shares of company stock valued at $601,220. Company insiders own 43.46% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was first published by WKRB News and is the sole property of of WKRB News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.wkrb13.com/2018/11/24/schneider-national-inc-sndr-holdings-boosted-by-victory-capital-management-inc.html.
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.
Featured Story: What are no-load funds?
Want to see what other hedge funds are holding SNDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schneider National Inc (NYSE:SNDR).
Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter.