Signaturefd LLC decreased its stake in Schneider National, Inc. (NYSE:SNDR – Free Report) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,602 shares of the company’s stock after selling 714 shares during the quarter. Signaturefd LLC’s holdings in Schneider National were worth $135,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Schneider National by 9.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company’s stock valued at $408,000 after buying an additional 1,474 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Schneider National by 33.6% in the 1st quarter. New York State Teachers Retirement System now owns 18,447 shares of the company’s stock valued at $422,000 after buying an additional 4,637 shares in the last quarter. GAMMA Investing LLC boosted its stake in Schneider National by 1,128.3% in the 1st quarter. GAMMA Investing LLC now owns 16,041 shares of the company’s stock valued at $367,000 after buying an additional 14,735 shares in the last quarter. Invesco Ltd. boosted its stake in Schneider National by 1.5% in the 1st quarter. Invesco Ltd. now owns 580,860 shares of the company’s stock valued at $13,273,000 after buying an additional 8,677 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Schneider National by 109.8% in the 1st quarter. Mackenzie Financial Corp now owns 32,878 shares of the company’s stock valued at $751,000 after buying an additional 17,208 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.
Insider Activity
In other 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 value of $891,478.56. Following the transaction, the executive vice president owned 72,870 shares in the company, valued at approximately $1,775,113.20. This trade represents a 33.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 32.68% of the company’s stock.
Schneider National Stock Performance
Schneider National (NYSE:SNDR – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. Analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.
Schneider National Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Friday, September 12th will be paid a $0.095 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.38 annualized dividend and a dividend yield of 1.7%. Schneider National’s dividend payout ratio (DPR) is presently 54.29%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on SNDR. Stifel Nicolaus raised Schneider National from a “hold” rating to a “buy” rating and decreased their price target for the company from $26.00 to $25.00 in a research note on Friday. Erste Group Bank upgraded Schneider National from a “hold” rating to a “buy” rating in a research report on Thursday, September 11th. Susquehanna cut their price objective on Schneider National from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Citigroup lifted their price objective on Schneider National from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Finally, Robert W. Baird began coverage on Schneider National in a research report on Tuesday, July 1st. They issued an “outperform” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.36.
Get Our Latest Analysis on Schneider National
Schneider National Company 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.
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