198,817 Shares in Schneider National, Inc. $SNDR Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 198,817 shares of Schneider National, Inc. for approximately $4.54 million, bringing its total ownership to about 0.11% as of its latest SEC filing.
• Schneider National recently reported earnings meeting analysts' expectations, with a revenue of $1.42 billion for the quarter and forecasts indicating a price-to-earnings ratio of 35.44.
• The company announced a quarterly dividend of $0.095 per share, with an annualized yield of 1.5% and a payout ratio of 54.29%, set to be paid to shareholders on October 9th.

Cubist Systematic Strategies LLC acquired a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 198,817 shares of the company's stock, valued at approximately $4,543,000. Cubist Systematic Strategies LLC owned approximately 0.11% of Schneider National as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake 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 valued at $105,489,000 after buying an additional 206,582 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Schneider National by 5.5% during the first quarter. American Century Companies Inc. now owns 2,604,873 shares of the company's stock worth $59,521,000 after buying an additional 134,922 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Schneider National by 3.3% during the first quarter. Earnest Partners LLC now owns 2,206,990 shares of the company's stock worth $50,430,000 after buying an additional 70,476 shares during the last quarter. Two Sigma Advisers LP raised its stake 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 in the last quarter. Finally, Invesco Ltd. grew its position in Schneider National by 1.5% in the first quarter. Invesco Ltd. now owns 580,860 shares of the company's stock valued at $13,273,000 after acquiring an additional 8,677 shares during the period. 28.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNDR has been the subject of several analyst reports. Bank of America lifted their price objective on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, May 16th. UBS Group lowered Schneider National from a "buy" rating to a "neutral" rating and boosted their target price for the company from $25.00 to $26.00 in a research report on Friday. The Goldman Sachs Group raised shares of Schneider National from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $24.00 to $32.00 in a research note on Monday, June 2nd. Citigroup boosted 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. Finally, Robert W. Baird began 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Schneider National currently has a consensus 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 company'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 sale, the executive vice president directly owned 72,870 shares of the company's stock, valued at approximately $1,775,113.20. This represents a 33.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.43% of the stock is owned by corporate insiders.

Schneider National Stock Down 0.9%

Shares of SNDR stock traded down $0.22 on Friday, reaching $24.56. 533,873 shares of the stock were exchanged, compared to its average volume of 703,362. 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 business's 50 day moving average price is $25.04 and its 200 day moving average price is $24.12. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 0.78 and a beta of 1.11. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting 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 quarter in the prior year, the firm posted $0.21 earnings per share. Schneider National'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. As a group, sell-side analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

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