Vanguard Group Inc. Sells 116,963 Shares of Schneider National, Inc. $SNDR

Key Points

• Vanguard Group Inc. has reduced its stake in Schneider National, Inc. by 2.7%, holding 4,252,570 shares valued at approximately $97.17 million.
• In the first quarter, other institutional investors have also increased their positions, with CWM LLC boosting its stake by 103.4% and Deutsche Bank AG increasing its stake by 545.6% in the fourth quarter.
• Schneider National recently announced a quarterly dividend of $0.095, providing an annualized yield of 1.5%, with a payout ratio of 54.29%.

Vanguard Group Inc. trimmed its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,252,570 shares of the company's stock after selling 116,963 shares during the quarter. Vanguard Group Inc. owned approximately 2.42% of Schneider National worth $97,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNDR. PNC Financial Services Group Inc. raised its holdings in Schneider National by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,646 shares of the company's stock valued at $129,000 after buying an additional 448 shares during the period. Captrust Financial Advisors grew its holdings in Schneider National by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 22,061 shares of the company's stock valued at $646,000 after buying an additional 867 shares during the period. Snowden Capital Advisors LLC grew its holdings in shares of Schneider National by 5.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 23,516 shares of the company's stock worth $691,000 after purchasing an additional 1,223 shares during the period. KBC Group NV acquired a new position in shares of Schneider National in the 1st quarter valued at approximately $28,000. Finally, QRG Capital Management Inc. grew its stake in Schneider National by 1.1% during the 1st quarter. QRG Capital Management Inc. now owns 139,500 shares of the company's stock worth $3,188,000 after buying an additional 1,473 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SNDR shares. Stifel Nicolaus cut their price target on Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and boosted their target price for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. Bank of America upped 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. Citigroup raised their target price on Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Finally, Baird R W raised shares of Schneider National to a "strong-buy" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Schneider National currently has an average rating of "Moderate Buy" and an average price target of $27.29.

Schneider National Stock Down 0.5%

SNDR traded down $0.12 during trading hours on Wednesday, hitting $24.84. 377,844 shares of the company's stock were exchanged, compared to its average volume of 797,497. The firm has a 50 day moving average of $24.94 and a 200 day moving average of $24.29. Schneider National, Inc. has a 12-month low of $20.59 and a 12-month high of $33.90. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.35 billion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 0.79 and a beta of 1.11.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate 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 prior year, the firm earned $0.21 EPS. Schneider National'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. Analysts predict that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.38 annualized dividend and a yield of 1.5%. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

Insider Buying and Selling at Schneider National

In related 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 sale, the executive vice president directly owned 72,870 shares in the company, valued at approximately $1,775,113.20. This trade represents a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 23.43% 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.