American Century Companies Inc. Has $59.52 Million Stock Position in Schneider National, Inc. $SNDR

Key Points

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American Century Companies Inc. lifted its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,604,873 shares of the company's stock after acquiring an additional 134,922 shares during the period. American Century Companies Inc. owned about 1.48% of Schneider National worth $59,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Schneider National by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,616,682 shares of the company's stock worth $105,489,000 after buying an additional 206,582 shares during the period. First Trust Advisors LP increased its position in Schneider National by 87.8% in the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company's stock worth $64,429,000 after buying an additional 1,028,789 shares during the period. Two Sigma Advisers LP increased its position in Schneider National by 40.4% in the fourth quarter. Two Sigma Advisers LP now owns 702,900 shares of the company's stock worth $20,581,000 after buying an additional 202,100 shares during the period. Invesco Ltd. increased its position in Schneider National by 1.5% in the first quarter. Invesco Ltd. now owns 580,860 shares of the company's stock worth $13,273,000 after buying an additional 8,677 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Schneider National by 1.0% in the first quarter. Russell Investments Group Ltd. now owns 561,631 shares of the company's stock worth $12,833,000 after buying an additional 5,472 shares during the period. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Price Performance

SNDR stock traded up $0.9050 during trading hours on Friday, hitting $25.3350. 718,548 shares of the stock traded hands, compared to its average volume of 700,744. The stock has a 50-day simple moving average of $24.91 and a 200 day simple moving average of $24.32. Schneider National, Inc. has a one year low of $20.59 and a one year high of $33.90. The company has a market cap of $4.44 billion, a P/E ratio of 36.19, a P/E/G ratio of 0.81 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 - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. Equities analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Thomas G. Jackson sold 36,596 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $24.36, for a total transaction of $891,478.56. Following the completion of the transaction, the executive vice president owned 72,870 shares of the company's stock, valued at $1,775,113.20. This trade represents a 33.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.43% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SNDR shares. Evercore ISI dropped their target price on Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Baird R W raised Schneider National to a "strong-buy" rating in a research note on Tuesday, July 1st. Bank of America increased their price target on Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Citigroup increased their price target on Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Stifel Nicolaus decreased their price target 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. One investment 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. According to data from MarketBeat.com, Schneider National has a consensus rating of "Moderate Buy" and an average price target of $27.29.

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.