Envestnet Portfolio Solutions Inc. Reduces Stake in Schneider National, Inc. $SNDR

Envestnet Portfolio Solutions Inc. decreased its position in shares of Schneider National, Inc. (NYSE:SNDR) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,323 shares of the company’s stock after selling 2,389 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schneider National were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in 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 during the period. KBC Group NV purchased a new stake in shares of Schneider National during the 1st quarter valued at approximately $28,000. New York State Teachers Retirement System lifted its holdings in 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 acquiring an additional 4,637 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Schneider National in the first quarter worth approximately $395,000. Finally, Principal Financial Group Inc. grew its position in Schneider National by 2.6% in the first quarter. Principal Financial Group Inc. now owns 233,660 shares of the company’s stock worth $5,339,000 after acquiring an additional 5,925 shares during the period. Hedge funds and other institutional investors 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 dated Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 32.68% of the company’s stock.

Schneider National Price Performance

Schneider National stock opened at $22.92 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. Schneider National, Inc. has a 52-week low of $20.59 and a 52-week high of $33.90. The firm has a market cap of $4.02 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The company’s 50 day moving average is $23.30 and its two-hundred day moving average is $23.75.

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

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Friday, September 12th were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.38 dividend on an annualized basis and a yield of 1.7%. Schneider National’s dividend payout ratio (DPR) is currently 54.29%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SNDR shares. Susquehanna decreased their price target on Schneider National from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a research report on Friday. Zacks Research lowered shares of Schneider National from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Stifel Nicolaus raised shares of Schneider National from a “hold” rating to a “buy” rating and reduced their price target for the company from $26.00 to $25.00 in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Schneider National from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

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.