Strs Ohio Takes $2.42 Million Position in Schneider National, Inc. $SNDR

Key Points

• Strs Ohio has acquired approximately 105,998 shares of Schneider National, valued at about $2,422,000, representing a 0.06% stake in the company as of the latest SEC filing.
• Several analysts have modified their ratings for Schneider National, with UBS Group downgrading it to "neutral" while The Goldman Sachs Group upgraded it to "buy." The consensus price target is currently $27.36.
• Schneider National announced a quarterly dividend of $0.095 per share, with the ex-dividend date set for September 12th, contributing to an annualized dividend yield of 1.6%.

Strs Ohio bought a new stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 105,998 shares of the company's stock, valued at approximately $2,422,000. Strs Ohio owned about 0.06% of Schneider National at the end of the most recent quarter.

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

Schneider National Trading Down 2.7%

Shares of NYSE:SNDR traded down $0.61 during midday trading on Friday, reaching $22.40. The company had a trading volume of 1,748,983 shares, compared to its average volume of 741,671. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.91. Schneider National, Inc. has a 1-year low of $20.59 and a 1-year high of $33.90. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.11. The company has a fifty day simple moving average of $24.64 and a two-hundred day simple moving average of $23.95.

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, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the previous year, the business posted $0.21 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. Research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National's payout ratio is 54.29%.

Insiders Place Their Bets

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction dated Thursday, August 7th. The stock was 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 of the company's stock, valued at $1,775,113.20. The trade was a 33.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 32.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SNDR has been the topic of several research analyst reports. UBS Group cut Schneider National from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $25.00 to $26.00 in a research note on Friday, September 5th. Citigroup raised their price objective on Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Robert W. Baird assumed coverage on Schneider National in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 target price on the stock. Erste Group Bank upgraded Schneider National from a "hold" rating to a "buy" rating in a research note on Thursday, September 11th. Finally, The Goldman Sachs Group upgraded Schneider National from a "neutral" rating to a "buy" rating and raised their target price for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.