Cubist Systematic Strategies LLC Takes Position in Schneider National, Inc. $SNDR

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 bought a new position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in Schneider National by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,646 shares of the company's stock worth $129,000 after purchasing an additional 448 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Schneider National by 4.1% during the fourth quarter. Captrust Financial Advisors now owns 22,061 shares of the company's stock worth $646,000 after acquiring an additional 867 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Schneider National during the first quarter valued at $25,000. Snowden Capital Advisors LLC boosted its holdings in Schneider National by 5.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 23,516 shares of the company's stock valued at $691,000 after acquiring an additional 1,223 shares during the last quarter. Finally, KBC Group NV bought a new position in Schneider National in the first quarter valued at about $28,000. Institutional investors and hedge funds own 28.54% of the company's stock.

Schneider National Trading Down 1.7%

NYSE SNDR traded down $0.41 during trading on Wednesday, reaching $23.86. 646,098 shares of the stock traded hands, compared to its average volume of 699,371. 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 quick ratio of 1.77, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.11. The stock's 50-day moving average price is $24.99 and its 200 day moving average price is $24.08.

Schneider National (NYSE:SNDR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. Analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

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 issued a dividend of $0.095 per share. The ex-dividend date is Friday, September 12th. This represents a $0.38 annualized dividend and a yield of 1.6%. Schneider National's payout ratio is currently 54.29%.

Insider Transactions at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the completion of the sale, the executive vice president directly owned 72,870 shares in the company, valued at $1,775,113.20. This 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 the SEC website. Insiders own 32.68% of the company's stock.

Analyst Upgrades and Downgrades

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

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.