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

Several other institutional investors and hedge funds also recently modified their holdings of SNDR. LPL Financial LLC grew its stake in shares of Schneider National by 132.6% in the fourth quarter. LPL Financial LLC now owns 21,397 shares of the company's stock worth $627,000 after purchasing an additional 12,198 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Schneider National by 131.7% during the fourth quarter. JPMorgan Chase & Co. now owns 158,658 shares of the company's stock valued at $4,646,000 after buying an additional 90,173 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Schneider National by 51.6% during the fourth quarter. Alliancebernstein L.P. now owns 25,096 shares of the company's stock valued at $735,000 after buying an additional 8,541 shares in the last quarter. Bank of Montreal Can bought a new position in Schneider National during the fourth quarter valued at about $201,000. Finally, Raymond James Financial Inc. bought a new position in Schneider National during the fourth quarter valued at about $5,349,000. Institutional investors own 28.54% of the company's stock.

Insider Buying and Selling at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of the firm's 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 32.68% of the stock is owned by company insiders.

Schneider National Stock Up 3.7%

NYSE SNDR traded up $0.9050 during trading on Friday, reaching $25.3350. 703,045 shares of the company's stock were exchanged, compared to its average volume of 799,672. Schneider National, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The firm has a market capitalization of $4.44 billion, a PE ratio of 36.19, a P/E/G ratio of 0.77 and a beta of 1.11. 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 company's fifty day simple moving average is $24.89 and its 200-day simple moving average is $24.42.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business earned $0.21 EPS. The business's quarterly 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. Sell-side analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. Schneider National's dividend payout ratio (DPR) is 54.29%.

Analyst Ratings Changes

SNDR has been the subject of several research reports. The Goldman Sachs Group raised 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. Bank of America raised their target price on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Citigroup raised their target price on Schneider National from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Stifel Nicolaus decreased their target price 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. Finally, Baird R W upgraded Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $27.29.

About Schneider National

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.