Goldman Sachs Group Inc. Cuts Stake in Schneider National, Inc. $SNDR

Key Points

• Goldman Sachs reduced its stake in Schneider National, Inc. by 9.3%, owning approximately 159,450 shares valued at $3.64 million at the end of the first quarter.
• Schneider National announced a quarterly dividend of $0.095, with an annualized yield of 1.6%, set to be paid on October 9th.
• Various analysts have given mixed ratings to Schneider National, with Goldman Sachs upgrading its rating from "neutral" to "buy" and increasing the price target from $24.00 to $32.00.

Goldman Sachs Group Inc. decreased its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,450 shares of the company's stock after selling 16,424 shares during the period. Goldman Sachs Group Inc. owned 0.09% of Schneider National worth $3,643,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Deutsche Bank AG increased its stake in shares of Schneider National by 545.6% during the 4th quarter. Deutsche Bank AG now owns 3,725 shares of the company's stock worth $109,000 after purchasing an additional 3,148 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Schneider National in the 4th quarter worth approximately $76,000. State of Wyoming raised its stake in shares of Schneider National by 82.4% in the fourth quarter. State of Wyoming now owns 3,607 shares of the company's stock worth $106,000 after acquiring an additional 1,629 shares during the last quarter. Two Sigma Investments LP grew its stake in Schneider National by 46.5% in the fourth quarter. Two Sigma Investments LP now owns 407,375 shares of the company's stock valued at $11,928,000 after acquiring an additional 129,332 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of Schneider National in the 4th quarter valued at about $847,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Performance

Shares of NYSE SNDR traded down $0.27 during mid-day trading on Monday, reaching $22.14. 123,580 shares of the company were exchanged, compared to its average volume of 799,547. 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, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90. The stock has a market capitalization of $3.88 billion, a P/E ratio of 31.49, a P/E/G ratio of 0.71 and a beta of 1.11. The company's 50-day simple moving average is $24.64 and its 200-day simple moving average is $23.93.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The business had revenue of $1.42 billion during 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 firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. As a group, research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current 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 given a $0.095 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.38 annualized dividend and a yield of 1.7%. Schneider National's payout ratio is presently 54.29%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SNDR shares. The Goldman Sachs Group raised shares of Schneider National from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $24.00 to $32.00 in a research report on Monday, June 2nd. Citigroup raised their target price on Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Baird R W raised Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. 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 for the company. Finally, Erste Group Bank raised shares of Schneider National from a "hold" rating to a "buy" rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $27.36.

Insider Buying and Selling at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction that occurred 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 transaction, the executive vice president directly owned 72,870 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 23.43% of the company's stock.

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.