Credit Suisse AG Grows Holdings in Schneider National Inc (SNDR)
Credit Suisse AG grew its holdings in Schneider National Inc (NYSE:SNDR) by 162.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,642 shares of the company’s stock after purchasing an additional 322,668 shares during the quarter. Credit Suisse AG owned about 0.29% of Schneider National worth $13,030,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Trexquant Investment LP grew its stake in shares of Schneider National by 19.3% during the third quarter. Trexquant Investment LP now owns 47,577 shares of the company’s stock worth $1,188,000 after purchasing an additional 7,711 shares in the last quarter. Martingale Asset Management L P lifted its position in Schneider National by 34.7% in the third quarter. Martingale Asset Management L P now owns 132,495 shares of the company’s stock valued at $3,310,000 after acquiring an additional 34,105 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Schneider National by 20.0% in the third quarter. Bank of New York Mellon Corp now owns 363,973 shares of the company’s stock valued at $9,093,000 after acquiring an additional 60,536 shares during the last quarter. Janus Henderson Group PLC lifted its position in Schneider National by 91.4% in the third quarter. Janus Henderson Group PLC now owns 15,385 shares of the company’s stock valued at $384,000 after acquiring an additional 7,347 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its position in Schneider National by 11.8% in the third quarter. Stone Ridge Asset Management LLC now owns 61,055 shares of the company’s stock valued at $1,525,000 after acquiring an additional 6,433 shares during the last quarter. 23.77% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on SNDR shares. Stifel Nicolaus raised shares of Schneider National from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Monday, October 29th. Morgan Stanley set a $35.00 price target on shares of Schneider National and gave the stock a “buy” rating in a research note on Monday, October 22nd. Buckingham Research cut their price target on shares of Schneider National from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, October 12th. Zacks Investment Research raised shares of 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. Finally, Citigroup cut their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.
Shares of SNDR stock opened at $20.39 on Friday. Schneider National Inc has a 52 week low of $19.68 and a 52 week high of $30.52. The company has a current ratio of 2.34, a quick ratio of 2.23 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.57 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32.
Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, November 1st. The company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. Schneider National had a net margin of 9.66% and a return on equity of 12.53%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Schneider National Inc will post 1.52 earnings per share for the current year.
The firm 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, December 13th. Schneider National’s dividend payout ratio is presently 25.53%.
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Schneider National Company Profile
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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