Swiss National Bank Cuts Position in Schneider National, Inc. $SNDR

Swiss National Bank lowered its holdings in Schneider National, Inc. (NYSE:SNDR) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,200 shares of the company’s stock after selling 1,200 shares during the period. Swiss National Bank owned approximately 0.06% of Schneider National worth $2,450,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SNDR. Raymond James Financial Inc. purchased a new position in Schneider National in the 4th quarter worth approximately $5,349,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Schneider National by 9.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company’s stock worth $408,000 after purchasing an additional 1,474 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Schneider National during the fourth quarter worth $8,453,000. New York State Teachers Retirement System boosted its stake in shares of Schneider National by 33.6% in the first quarter. New York State Teachers Retirement System now owns 18,447 shares of the company’s stock valued at $422,000 after purchasing an additional 4,637 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Schneider National by 1,128.3% during the 1st quarter. GAMMA Investing LLC now owns 16,041 shares of the company’s stock valued at $367,000 after purchasing an additional 14,735 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Insider Buying and Selling

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total transaction of $891,478.56. Following the sale, the executive vice president owned 72,870 shares of the company’s stock, valued at $1,775,113.20. The trade was a 33.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 32.68% of the company’s stock.

Analyst Ratings Changes

SNDR has been the subject of a number of analyst reports. Evercore ISI decreased their price objective on shares of Schneider National from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group raised Schneider National from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $32.00 in a report on Monday, June 2nd. Bank of America lifted their price objective on Schneider National from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Stifel Nicolaus reduced their target price on Schneider National from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, May 2nd. Finally, Robert W. Baird assumed coverage on shares of Schneider National in a research report on Tuesday, July 1st. They set an “outperform” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Schneider National Stock Performance

SNDR stock opened at $25.3350 on Friday. The stock’s 50 day simple moving average is $24.91 and its 200 day simple moving average is $24.39. Schneider National, Inc. has a 12-month low of $20.59 and a 12-month high of $33.90. The firm has a market cap of $4.44 billion, a P/E ratio of 36.19, a P/E/G ratio of 0.78 and a beta of 1.11. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. As a group, equities research analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National’s payout ratio is presently 54.29%.

Schneider National Profile

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.