Petrus Trust Company LTA Acquires New Position in Schneider National, Inc. $SNDR

Key Points

• Petrus Trust Company LTA acquired a new stake in Schneider National, purchasing 12,611 shares for approximately $288,000 in the first quarter.
• Schneider National recently declared a quarterly dividend of $0.095 per share, representing an annualized dividend yield of 1.6%.
• The company reported $1.42 billion in quarterly revenue, exceeding analysts' expectations, and maintained a consensus Hold rating among analysts with a target price of $27.36.

Petrus Trust Company LTA acquired a new stake in Schneider National, Inc. (NYSE:SNDR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,611 shares of the company's stock, valued at approximately $288,000.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Schneider National by 9.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company's stock valued at $408,000 after purchasing an additional 1,474 shares during the last quarter. Woodline Partners LP bought a new stake in Schneider National in the 4th quarter valued at about $8,453,000. New York State Teachers Retirement System lifted its position in Schneider National by 33.6% in the 1st quarter. New York State Teachers Retirement System now owns 18,447 shares of the company's stock valued at $422,000 after purchasing an additional 4,637 shares during the last quarter. GAMMA Investing LLC lifted its position in Schneider National by 1,128.3% in the 1st quarter. GAMMA Investing LLC now owns 16,041 shares of the company's stock valued at $367,000 after purchasing an additional 14,735 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Schneider National by 1.5% in the 1st quarter. Invesco Ltd. now owns 580,860 shares of the company's stock valued at $13,273,000 after purchasing an additional 8,677 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $24.36, for a total value of $891,478.56. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 23.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SNDR. Erste Group Bank upgraded shares of Schneider National from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group downgraded shares of Schneider National from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $25.00 to $26.00 in a research report on Friday, September 5th. 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 report on Wednesday, July 9th. The Goldman Sachs Group upgraded shares of Schneider National from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $24.00 to $32.00 in a research report on Monday, June 2nd. Finally, Robert W. Baird began coverage on shares of Schneider National in a research report on Tuesday, July 1st. They set an "outperform" rating and a $28.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $27.36.

Schneider National Trading Down 2.9%

Shares of Schneider National stock traded down $0.72 during trading on Friday, hitting $23.83. The stock had a trading volume of 457,996 shares, compared to its average volume of 690,135. The stock has a 50 day simple moving average of $24.93 and a 200 day simple moving average of $24.02. The company has a market capitalization of $4.18 billion, a PE ratio of 34.04, a P/E/G ratio of 0.76 and a beta of 1.11. The company has a quick ratio of 1.77, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. Schneider National, Inc. has a 1 year low of $20.59 and a 1 year high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. On average, research analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

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. This represents a $0.38 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National's dividend payout ratio (DPR) is 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.