Jacobs Levy Equity Management Inc. Decreases Stake in Schneider National, Inc. $SNDR

Key Points

• Jacobs Levy Equity Management Inc. sold 42,792 shares of Schneider National, reducing its stake by 3.4% to 1,210,838 shares valued at approximately $27.67 million.
• Several institutional investors, including Dimensional Fund Advisors LP and American Century Companies Inc., have recently increased their stakes in Schneider National, reflecting growing investor interest.
• Schneider National announced a quarterly dividend of $0.095 per share, with a dividend yield of 1.5%, to be paid on October 9th, highlighting the company's commitment to returning value to shareholders.

Jacobs Levy Equity Management Inc. decreased its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,210,838 shares of the company's stock after selling 42,792 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.69% of Schneider National worth $27,668,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Schneider National in the 1st quarter worth approximately $25,000. KBC Group NV bought a new stake in shares of Schneider National in the 1st quarter worth $28,000. Quarry LP bought a new stake in shares of Schneider National in the 1st quarter worth $32,000. Lazard Asset Management LLC bought a new stake in shares of Schneider National in the 4th quarter worth $76,000. Finally, CWM LLC raised its stake in shares of Schneider National by 103.4% in the 1st quarter. CWM LLC now owns 3,513 shares of the company's stock worth $80,000 after buying an additional 1,786 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Insider Buying and Selling

In other news, EVP Thomas G. Jackson sold 36,596 shares of the company's 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 in the company, valued at approximately $1,775,113.20. This represents a 33.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.68% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SNDR shares. Baird R W upgraded Schneider National to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup increased 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. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and increased their target price for the stock from $24.00 to $32.00 in a report on Monday, June 2nd. UBS Group downgraded 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. Finally, Bank of America raised their price objective on Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Schneider National has an average rating of "Hold" and a consensus target price of $27.36.

Schneider National Stock Up 2.6%

Shares of SNDR traded up $0.61 during midday trading on Thursday, hitting $24.46. The stock had a trading volume of 109,541 shares, compared to its average volume of 795,493. The company has a 50 day simple moving average of $24.99 and a two-hundred day simple moving average of $24.08. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 0.77 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 data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business's 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. On average, analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend yield of 1.6%. Schneider National's dividend payout ratio is 54.29%.

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.