Versor Investments LP Buys 46,300 Shares of Schneider National, Inc. $SNDR

Key Points

• Versor Investments LP significantly increased its stake in Schneider National, acquiring an additional 46,300 shares and boosting its position by 247.4%, reaching a total of 65,014 shares valued at approximately $1.49 million.
• Multiple institutional investors, including JPMorgan Chase and LPL Financial, have also recently increased their holdings in Schneider National, indicating strong institutional interest in the company.
• Schneider National's stock rating has been upgraded by various analysts, with Goldman Sachs raising the price target from $24.00 to $32.00, while the current consensus rating is a "Moderate Buy" with an average target price of $27.29.

Versor Investments LP grew its holdings in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 247.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 65,014 shares of the company's stock after acquiring an additional 46,300 shares during the period. Versor Investments LP's holdings in Schneider National were worth $1,486,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. KBC Group NV bought a new position in Schneider National during the first quarter worth $28,000. Lazard Asset Management LLC bought a new position in Schneider National during the fourth quarter worth $76,000. CWM LLC raised its stake in Schneider National by 103.4% during the first 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. Sterling Capital Management LLC raised its stake in Schneider National by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,813 shares of the company's stock worth $82,000 after buying an additional 1,024 shares during the last quarter. Finally, State of Wyoming raised its stake in Schneider National by 82.4% during the fourth quarter. State of Wyoming now owns 3,607 shares of the company's stock worth $106,000 after buying an additional 1,629 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on SNDR. The Goldman Sachs Group upgraded shares of Schneider National from a "neutral" rating to a "buy" rating and raised their price target for the stock from $24.00 to $32.00 in a report on Monday, June 2nd. Bank of America raised their price target 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 raised their price target on shares of Schneider National from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Evercore ISI reduced their price target on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, Baird R W upgraded shares of Schneider National to a "strong-buy" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.29.

Insider Activity at Schneider National

In related news, EVP Thomas G. Jackson sold 36,596 shares of the company'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 sale, the executive vice president directly owned 72,870 shares in the company, valued at approximately $1,775,113.20. This represents a 33.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 32.68% of the company's stock.

Schneider National Stock Up 3.7%

Shares of NYSE SNDR traded up $0.9050 during mid-day trading on Friday, reaching $25.3350. 718,548 shares of the company's stock traded hands, compared to its average volume of 699,851. The stock has a market cap of $4.44 billion, a P/E ratio of 36.19, a PEG ratio of 0.78 and a beta of 1.11. The business has a 50-day simple moving average of $24.91 and a 200 day simple moving average of $24.39. Schneider National, Inc. has a 1-year low of $20.59 and a 1-year 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.

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

Schneider National Dividend Announcement

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 paid 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 dividend payout ratio is presently 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.