Northern Trust Corp Buys 60,656 Shares of 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 stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 12.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 566,958 shares of the company's stock after purchasing an additional 60,656 shares during the period. Northern Trust Corp owned 0.32% of Schneider National worth $12,955,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SNDR. KBC Group NV acquired a new position in Schneider National during the first quarter worth approximately $28,000. Lazard Asset Management LLC bought a new stake in Schneider National during the 4th quarter worth approximately $76,000. CWM LLC boosted 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 during the last quarter. State of Wyoming raised its holdings in Schneider National by 82.4% during the 4th quarter. State of Wyoming now owns 3,607 shares of the company's stock valued at $106,000 after acquiring an additional 1,629 shares during the period. Finally, Deutsche Bank AG lifted its position in Schneider National by 545.6% during the fourth quarter. Deutsche Bank AG now owns 3,725 shares of the company's stock valued at $109,000 after purchasing an additional 3,148 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Insider Activity at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of the firm's 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 of the company's stock, valued at $1,775,113.20. This trade represents a 33.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SNDR shares. Bank of America increased their target price on shares of Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Citigroup boosted their price target on shares of Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. UBS Group downgraded shares of Schneider National from a "buy" rating to a "neutral" rating and upped their price target for the company from $25.00 to $26.00 in a report on Friday, September 5th. Baird R W raised shares of Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Schneider National has an average rating of "Hold" and an average price target of $27.36.

Schneider National Trading Down 1.7%

NYSE:SNDR traded down $0.41 on Wednesday, reaching $23.86. The stock had a trading volume of 646,098 shares, compared to its average volume of 699,371. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 0.77 and a beta of 1.11. Schneider National, Inc. has a 12-month low of $20.59 and a 12-month high of $33.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.77. The firm's fifty day moving average is $24.99 and its two-hundred day moving average is $24.08.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The firm'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. Equities analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National's payout ratio is currently 54.29%.

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.