Goldman Sachs Group Inc. Has $3.64 Million 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. cut its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,450 shares of the company's stock after selling 16,424 shares during the period. Goldman Sachs Group Inc. owned about 0.09% of Schneider National worth $3,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SNDR. PNC Financial Services Group Inc. boosted its stake in Schneider National by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,646 shares of the company's stock valued at $129,000 after buying an additional 448 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Schneider National during the 1st quarter valued at approximately $25,000. KBC Group NV acquired a new position in Schneider National during the 1st quarter worth approximately $28,000. Quarry LP bought a new position in Schneider National in the 1st quarter valued at approximately $32,000. Finally, QRG Capital Management Inc. lifted its stake in Schneider National by 1.1% in the 1st quarter. QRG Capital Management Inc. now owns 139,500 shares of the company's stock valued at $3,188,000 after purchasing an additional 1,473 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Insider Buying and Selling at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $24.36, for a total transaction of $891,478.56. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.43% of the company's stock.

Schneider National Trading Down 1.8%

Shares of Schneider National stock traded down $0.41 on Monday, hitting $22.00. 1,213,177 shares of the company's stock traded hands, compared to its average volume of 793,193. The company has a fifty day moving average of $24.57 and a two-hundred day moving average of $23.91. Schneider National, Inc. has a one year low of $20.59 and a one year high of $33.90. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.77.

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, meeting the consensus estimate of $0.21. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The company's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. 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 year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 12th. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SNDR shares. UBS Group cut Schneider National from a "buy" rating to a "neutral" rating and increased their price target for the company from $25.00 to $26.00 in a research note on Friday, September 5th. Citigroup upped their target price on Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Robert W. Baird started coverage on Schneider National in a research note on Tuesday, July 1st. They set an "outperform" rating and a $28.00 price target on the stock. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and upped their price objective for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. Finally, Erste Group Bank upgraded shares of Schneider National from a "hold" rating to a "buy" rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.36.

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.