Jones Financial Companies Lllp Has $14.74 Million Stake in Schneider National, Inc. $SNDR

Key Points

• Jones Financial Companies Lllp increased its stake in Schneider National, Inc. by an impressive 2,481,000% during the first quarter, owning 645,086 shares valued at approximately $14.74 million.
• Schneider National reported quarterly earnings of $0.21 per share, matching analysts' expectations, with revenues of $1.42 billion, reflecting a year-over-year increase of 7.9%.
• The company announced a quarterly dividend of $0.095 per share, with a payout ratio of 54.29%, highlighting a dividend yield of 1.5%.

Jones Financial Companies Lllp grew its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 2,481,000.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 645,086 shares of the company's stock after purchasing an additional 645,060 shares during the period. Jones Financial Companies Lllp owned approximately 0.37% of Schneider National worth $14,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Schneider National by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company's stock valued at $408,000 after acquiring an additional 1,474 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Schneider National in the fourth quarter valued at about $8,453,000. New York State Teachers Retirement System increased its position in shares of Schneider National by 33.6% in the first quarter. New York State Teachers Retirement System now owns 18,447 shares of the company's stock valued at $422,000 after acquiring an additional 4,637 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Schneider National by 1,128.3% in the first quarter. GAMMA Investing LLC now owns 16,041 shares of the company's stock valued at $367,000 after acquiring an additional 14,735 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of 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 last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Insider Activity at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the transaction, the executive vice president owned 72,870 shares of the company's stock, valued at approximately $1,775,113.20. This 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 can be accessed through this link. Insiders own 32.68% of the company's stock.

Schneider National Stock Performance

NYSE SNDR traded down $0.72 during trading on Friday, reaching $23.83. 457,996 shares of the company's stock were exchanged, compared to its average volume of 702,566. The business has a 50 day moving average price of $24.93 and a 200-day moving average price of $24.03. The stock has a market capitalization of $4.18 billion, a P/E ratio of 34.04, a PEG ratio of 0.78 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, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. Sell-side analysts forecast 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. Stockholders of record on Friday, September 12th will be given a $0.095 dividend. The ex-dividend date of this dividend 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 presently 54.29%.

Analyst Ratings Changes

A number of analysts recently issued reports on SNDR shares. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and lifted their target price for the company from $24.00 to $32.00 in a research report on Monday, June 2nd. Citigroup lifted 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. Robert W. Baird started coverage on Schneider National in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 target price on the stock. Bank of America lifted their target price on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Erste Group Bank raised Schneider National from a "hold" rating to a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.36.

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.