Pier Capital LLC Takes Position in Schneider National, Inc. (SNDR)

Pier Capital LLC acquired a new stake in Schneider National, Inc. (NYSE:SNDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 248,404 shares of the company’s stock, valued at approximately $6,285,000. Pier Capital LLC owned about 0.14% of Schneider National as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SNDR. DekaBank Deutsche Girozentrale acquired a new position in Schneider National in the second quarter valued at approximately $111,000. Legal & General Group Plc acquired a new position in Schneider National in the second quarter valued at approximately $173,000. Pacer Advisors Inc. acquired a new position in Schneider National in the third quarter valued at approximately $182,000. Meeder Asset Management Inc. acquired a new position in Schneider National in the third quarter valued at approximately $195,000. Finally, GSA Capital Partners LLP acquired a new position in Schneider National in the second quarter valued at approximately $201,000. 21.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on SNDR shares. Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub upgraded Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. UBS reiterated a “buy” rating and set a $30.00 price objective (up from $24.00) on shares of Schneider National in a research report on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and set a $28.00 price objective on shares of Schneider National in a research report on Friday, October 6th. Finally, KeyCorp started coverage on Schneider National in a research report on Tuesday, October 10th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $25.11.

Shares of Schneider National, Inc. (NYSE:SNDR) traded up $0.32 during midday trading on Monday, hitting $26.55. The stock had a trading volume of 473,500 shares, compared to its average volume of 686,143. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 1.93. Schneider National, Inc. has a fifty-two week low of $17.69 and a fifty-two week high of $28.32.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. analysts predict that Schneider National, Inc. will post 0.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 15th will be given a $0.05 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%.

In other Schneider National news, Director Thomas A. Gannon sold 256,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total value of $6,195,200.00. Following the completion of the sale, the director now directly owns 682,991 shares in the company, valued at $16,528,382.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Matheys sold 62,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total value of $1,512,500.00. Following the completion of the sale, the insider now owns 816,014 shares of the company’s stock, valued at $19,747,538.80. The disclosure for this sale can be found here. Insiders sold 1,258,500 shares of company stock valued at $30,533,900 over the last 90 days.

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Schneider National Profile

Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.

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

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