Olympiad Research LP Buys New Stake in Schneider National, Inc. (NYSE:SNDR)

Olympiad Research LP purchased a new stake in shares of Schneider National, Inc. (NYSE:SNDR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,319 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Schneider National during the 2nd quarter valued at about $53,000. DekaBank Deutsche Girozentrale acquired a new stake in Schneider National in the third quarter valued at approximately $73,000. Hilltop National Bank increased its position in shares of Schneider National by 28.5% in the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after buying an additional 676 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Schneider National during the 3rd quarter worth approximately $109,000. Finally, Hills Bank & Trust Co purchased a new position in shares of Schneider National during the 3rd quarter valued at approximately $112,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Analysts Set New Price Targets

SNDR has been the subject of a number of research analyst reports. Benchmark upped their price objective on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Bank of America raised shares of Schneider National from an “underperform” rating to a “buy” rating and raised their price target for the company from $27.00 to $34.00 in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday. Evercore ISI decreased their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research report on Thursday, August 8th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus target price of $28.08.

Schneider National Stock Up 3.1 %

Shares of SNDR opened at $31.47 on Friday. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $31.71. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $27.99 and a two-hundred day simple moving average of $25.34. The company has a market capitalization of $5.51 billion, a PE ratio of 50.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. As a group, equities analysts forecast that Schneider National, Inc. will post 0.83 EPS for the current year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s payout ratio is presently 61.29%.

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.