AQR Capital Management LLC Has $16.11 Million Stock Holdings in Schneider National, Inc. $SNDR

Key Points

• AQR Capital Management LLC reduced its stake in Schneider National, Inc. by 2.6%, owning 713,039 shares valued at approximately $16.11 million.
• Institutional investors currently hold 28.54% of Schneider National's stock, with several funds acquiring new positions in the first quarter.
• Schneider National announced a quarterly dividend of $0.095 per share, representing an annualized yield of 1.6%, to be paid on October 9th.

AQR Capital Management LLC decreased its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 713,039 shares of the company's stock after selling 18,917 shares during the period. AQR Capital Management LLC owned about 0.41% of Schneider National worth $16,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. WPG Advisers LLC acquired a new position in shares of Schneider National during the first quarter worth $25,000. KBC Group NV bought a new stake in Schneider National during the 1st quarter worth $28,000. Quarry LP bought a new stake in Schneider National during the 1st quarter worth $32,000. Lazard Asset Management LLC acquired a new position in Schneider National in the 4th quarter worth about $76,000. Finally, CWM LLC raised its position in Schneider National by 103.4% in the first quarter. CWM LLC now owns 3,513 shares of the company's stock valued at $80,000 after purchasing an additional 1,786 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Insider Activity at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the transaction, the executive vice president owned 72,870 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 23.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group lowered Schneider National from a "buy" rating to a "neutral" rating and raised their target price for the stock from $25.00 to $26.00 in a research report on Friday, September 5th. Bank of America raised their price objective on shares of Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup lifted their price objective on shares of Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Baird R W upgraded shares of Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird began coverage on shares of Schneider National in a report on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Schneider National currently has a consensus rating of "Hold" and an average target price of $27.36.

Schneider National Stock Performance

SNDR opened at $24.31 on Wednesday. Schneider National, Inc. has a 1-year low of $20.59 and a 1-year high of $33.90. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 0.78 and a beta of 1.11. The company's fifty day moving average price is $25.03 and its two-hundred day moving average price is $24.08. 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 posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. On average, analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National's payout ratio is currently 54.29%.

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.

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