Schneider National, Inc. $SNDR Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 41.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,239 shares of the company’s stock after selling 233,399 shares during the period. Envestnet Asset Management Inc. owned 0.19% of Schneider National worth $8,120,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in shares of Schneider National by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,646 shares of the company’s stock worth $129,000 after purchasing an additional 448 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Schneider National by 8.8% during the 2nd quarter. Venturi Wealth Management LLC now owns 9,598 shares of the company’s stock worth $232,000 after buying an additional 775 shares in the last quarter. CWM LLC raised its holdings in shares of Schneider National by 27.1% during the second quarter. CWM LLC now owns 4,466 shares of the company’s stock valued at $108,000 after acquiring an additional 953 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Schneider National in the first quarter valued at approximately $25,000. Finally, Quarry LP purchased a new position in shares of Schneider National in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SNDR. Stifel Nicolaus upgraded Schneider National from a “hold” rating to a “buy” rating and dropped their price target for the stock from $26.00 to $25.00 in a research report on Friday, October 3rd. Erste Group Bank raised shares of Schneider National from a “hold” rating to a “buy” rating in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Schneider National in a research report on Wednesday, October 8th. Susquehanna cut their price objective on shares of Schneider National from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Finally, Evercore ISI lowered their target price on Schneider National from $22.00 to $21.00 and set an “in-line” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.64.

Schneider National Stock Down 2.6%

Shares of SNDR opened at $22.16 on Tuesday. The company’s 50-day moving average price is $22.72 and its 200 day moving average price is $23.76. Schneider National, Inc. has a 12-month low of $20.11 and a 12-month high of $33.90. The company has a current ratio of 2.11, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.88 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.04.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Schneider National had a net margin of 2.03% and a return on equity of 4.04%. Schneider National’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. On average, sell-side analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Friday, December 12th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.38 dividend on an annualized basis and a yield of 1.7%. Schneider National’s payout ratio is presently 59.38%.

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.