Amundi Acquires 89,300 Shares of Schneider National, Inc. $SNDR

Key Points

• Amundi increased its stake in Schneider National, Inc. by 97,065.2% during the first quarter, holding 89,392 shares valued at approximately $1.96 million after purchasing an additional 89,300 shares.
• Schneider National's stock price recently opened at $23.83, with a decrease of 2.9%, amid an overall market capitalization of $4.18 billion.
• The company announced a quarterly dividend of $0.095 per share, with a dividend yield of 1.6%, to be paid on October 9th to investors of record by September 12th.

Amundi lifted its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 97,065.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,392 shares of the company's stock after purchasing an additional 89,300 shares during the period. Amundi owned 0.05% of Schneider National worth $1,956,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SNDR. Federation des caisses Desjardins du Quebec acquired a new position in Schneider National in the 1st quarter valued at about $1,612,000. Cubist Systematic Strategies LLC acquired a new position in Schneider National in the 1st quarter valued at about $4,543,000. Royal Bank of Canada grew its stake in Schneider National by 19.1% in the 1st quarter. Royal Bank of Canada now owns 162,011 shares of the company's stock valued at $3,702,000 after buying an additional 26,015 shares during the last quarter. Quarry LP acquired a new position in Schneider National in the 1st quarter valued at about $32,000. Finally, WPG Advisers LLC acquired a new position in Schneider National in the 1st quarter valued at about $25,000. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNDR has been the topic of a number of research reports. Erste Group Bank upgraded shares of Schneider National from a "hold" rating to a "buy" rating in a research note on Thursday. Citigroup increased their target price on shares of Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Robert W. Baird began coverage on shares of Schneider National in a research report on Tuesday, July 1st. They set an "outperform" rating and a $28.00 target price on the stock. UBS Group lowered shares of Schneider National from a "buy" rating to a "neutral" rating and increased their target price for the stock from $25.00 to $26.00 in a research report on Friday, September 5th. Finally, Baird R W upgraded shares of Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.36.

Insider Activity

In other 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 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 approximately $1,775,113.20. This trade represents a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.43% of the company's stock.

Schneider National Price Performance

NYSE:SNDR traded up $0.11 on Monday, hitting $23.94. The company had a trading volume of 933,070 shares, compared to its average volume of 690,135. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 0.76 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. The firm has a 50 day moving average of $24.90 and a two-hundred day moving average of $24.00. Schneider National, Inc. has a 52 week low of $20.59 and a 52 week high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting 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 firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior 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 anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current 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 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 dividend yield of 1.6%. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

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.