Schneider National, Inc. $SNDR Shares Sold by AQR Capital Management LLC

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 holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 713,039 shares of the company's stock after selling 18,917 shares during the quarter. AQR Capital Management LLC owned about 0.41% of Schneider National worth $16,111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SNDR. Woodline Partners LP purchased a new stake in shares of Schneider National in the fourth quarter valued at about $8,453,000. Nuveen LLC purchased a new stake in shares of Schneider National in the first quarter valued at about $5,631,000. Dimensional Fund Advisors LP grew its holdings in shares of Schneider National by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,616,682 shares of the company's stock valued at $105,489,000 after purchasing an additional 206,582 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Schneider National by 40.4% in the fourth quarter. Two Sigma Advisers LP now owns 702,900 shares of the company's stock valued at $20,581,000 after purchasing an additional 202,100 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Schneider National in the first quarter valued at about $4,543,000. Hedge funds and other institutional investors own 28.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SNDR shares. Erste Group Bank raised shares of Schneider National from a "hold" rating to a "buy" rating in a report on Thursday. Baird R W raised shares of Schneider National to a "strong-buy" rating in a research note on Tuesday, July 1st. Robert W. Baird initiated coverage on shares of Schneider National in a research note on Tuesday, July 1st. They set an "outperform" rating and a $28.00 target price for the company. The Goldman Sachs Group raised shares of Schneider National from a "neutral" rating to a "buy" rating and increased their target price for the stock from $24.00 to $32.00 in a research note on Monday, June 2nd. Finally, 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 note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Schneider National presently has an average rating of "Hold" and a consensus price target of $27.36.

Insider Activity

In related news, EVP Thomas G. Jackson sold 36,596 shares of the firm's stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.43% of the company's stock.

Schneider National Stock Up 0.5%

Shares of SNDR traded up $0.11 during mid-day trading on Monday, hitting $23.94. 933,070 shares of the company's stock were exchanged, compared to its average volume of 690,135. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 0.76 and a beta of 1.11. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. 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 stock's 50-day moving average is $24.90 and its 200-day moving average is $24.00.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.41 billion. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. On average, sell-side analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal 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 given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National's dividend payout ratio 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.