American Century Companies Inc. Buys 134,922 Shares of Schneider National, Inc. $SNDR

Key Points

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American Century Companies Inc. raised its stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,604,873 shares of the company's stock after buying an additional 134,922 shares during the quarter. American Century Companies Inc. owned about 1.48% of Schneider National worth $59,521,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SNDR. LPL Financial LLC raised its holdings in Schneider National by 132.6% in the fourth quarter. LPL Financial LLC now owns 21,397 shares of the company's stock worth $627,000 after buying an additional 12,198 shares during the last quarter. Bank of Montreal Can purchased a new position in Schneider National in the 4th quarter worth approximately $201,000. Raymond James Financial Inc. bought a new position in Schneider National in the 4th quarter valued at approximately $5,349,000. Sterling Capital Management LLC boosted its stake in Schneider National by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,813 shares of the company's stock valued at $82,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Schneider National by 103.4% in the 4th quarter. Barclays PLC now owns 44,994 shares of the company's stock worth $1,317,000 after purchasing an additional 22,876 shares in the last quarter. 28.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SNDR shares. The Goldman Sachs Group upgraded Schneider National from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $24.00 to $32.00 in a report on Monday, June 2nd. Bank of America raised their price target on shares of Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Stifel Nicolaus reduced their price target on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Citigroup boosted their price objective on shares of Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Baird R W upgraded shares of Schneider National to a "strong-buy" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Schneider National currently has a consensus rating of "Moderate Buy" and an average target price of $27.29.

Insider Transactions at Schneider National

In related news, EVP Thomas G. Jackson sold 36,596 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were 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 directly owned 72,870 shares of the company's stock, valued at approximately $1,775,113.20. This trade represents a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.68% of the stock is currently owned by insiders.

Schneider National Stock Performance

Shares of SNDR stock traded up $0.9050 during mid-day trading on Friday, reaching $25.3350. 718,548 shares of the company's stock traded hands, compared to its average volume of 799,768. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.91. The firm has a market capitalization of $4.44 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 0.77 and a beta of 1.11. Schneider National, Inc. has a 12 month low of $20.59 and a 12 month high of $33.90. The firm has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $24.42.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $1.42 billion for 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. On average, research analysts forecast that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 12th. Schneider National's dividend payout ratio (DPR) is currently 54.29%.

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.