Northern Trust Corp Has $12.96 Million Stake in Schneider National, Inc. $SNDR

Key Points

• Northern Trust Corp increased its stake in Schneider National, Inc. by 12% during Q1, owning approximately 566,958 shares valued at $12.95 million.
• Schneider National reported $1.42 billion in revenue for the last quarter, exceeding analysts' expectations, while earnings per share met consensus estimates at $0.21.
• The company will pay a quarterly dividend of $0.095 on October 9, 2023, representing an annual yield of 1.5% and a payout ratio of 54.29%.

Northern Trust Corp lifted its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 566,958 shares of the company's stock after acquiring an additional 60,656 shares during the period. Northern Trust Corp owned approximately 0.32% of Schneider National worth $12,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased 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 acquiring an additional 448 shares during the last quarter. Captrust Financial Advisors increased its stake in Schneider National by 4.1% in the fourth quarter. Captrust Financial Advisors now owns 22,061 shares of the company's stock valued at $646,000 after acquiring an additional 867 shares during the last quarter. Snowden Capital Advisors LLC increased its stake 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. KBC Group NV bought a new position in Schneider National in the first quarter valued at approximately $28,000. Finally, QRG Capital Management Inc. increased its stake in Schneider National by 1.1% in the first quarter. QRG Capital Management Inc. now owns 139,500 shares of the company's stock valued at $3,188,000 after acquiring an additional 1,473 shares during the last quarter. 28.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SNDR has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Schneider National from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. Robert W. Baird assumed coverage on shares of Schneider National in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 price objective on the stock. Bank of America raised their target price on shares of Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Citigroup raised their target price on shares of Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, UBS Group lowered shares of Schneider National from a "buy" rating to a "neutral" rating and raised their target price for the company from $25.00 to $26.00 in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.36.

Schneider National Price Performance

Schneider National stock traded down $0.22 during mid-day trading on Friday, reaching $24.56. The company had a trading volume of 533,873 shares, compared to its average volume of 702,371. The company has a market cap of $4.30 billion, a P/E ratio of 35.08, a P/E/G ratio of 0.78 and a beta of 1.11. The business has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $24.12. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates 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%. Schneider National'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. On average, equities research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The firm 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. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 12th. Schneider National's payout ratio is 54.29%.

Insider Activity at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction 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 transaction, the executive vice president owned 72,870 shares in the company, valued at approximately $1,775,113.20. The trade was 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 the SEC website. Company insiders own 32.68% 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.