Caxton Associates LLP Purchases Shares of 83,735 Schneider National, Inc. $SNDR

Key Points

• Caxton Associates LLP acquired 83,735 shares of Schneider National, Inc. for approximately $1.91 million in the first quarter, indicating institutional interest in the stock.
• Insider activity reported a significant sale by EVP Thomas G. Jackson, who sold 36,596 shares for about $891,478, reducing his stake by 33.43%.
• Schneider National announced a quarterly dividend of $0.095 per share, representing an annual yield of 1.6%, payable on October 9th to shareholders of record.

Caxton Associates LLP purchased a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 83,735 shares of the company's stock, valued at approximately $1,913,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDR. WPG Advisers LLC purchased a new stake in Schneider National in the 1st quarter valued at about $25,000. KBC Group NV purchased a new stake in shares of Schneider National during the 1st quarter worth about $28,000. Quarry LP acquired a new stake in Schneider National during the 1st quarter worth approximately $32,000. Lazard Asset Management LLC purchased a new position in Schneider National in the fourth quarter valued at approximately $76,000. Finally, CWM LLC raised its holdings 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 buying an additional 1,786 shares during the period. Hedge funds and other institutional investors own 28.54% of the company's stock.

Insider Activity

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of the company'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 directly owned 72,870 shares of the company's stock, valued at $1,775,113.20. This represents a 33.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 23.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNDR has been the topic of several research reports. Baird R W upgraded shares of Schneider National to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup raised their price target 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. 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. Robert W. Baird initiated coverage on shares of Schneider National in a report on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 price target on the stock. Finally, The Goldman Sachs Group upgraded shares of Schneider National from a "neutral" rating to a "buy" rating and raised their price target for the company from $24.00 to $32.00 in a report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $27.36.

Schneider National Stock Down 0.3%

NYSE SNDR opened at $24.47 on Tuesday. The stock has a market cap of $4.29 billion, a PE ratio of 34.95, a P/E/G ratio of 0.78 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 business has a 50 day moving average price of $25.04 and a two-hundred day moving average price of $24.08. The company has a quick ratio of 1.77, a current ratio of 1.91 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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the company posted $0.21 EPS. Schneider National'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. As a group, sell-side analysts predict that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis 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 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.

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