Wellington Management Group LLP Has $2 Million Holdings in Schneider National, Inc. $SNDR

Key Points

• Wellington Management Group LLP significantly reduced its holdings in Schneider National, Inc. by 95.4% during the first quarter, now owning only 87,638 shares worth $2 million.
• Schneider National reported a quarterly revenue of $1.42 billion, up 7.9% year-over-year, and hit earnings per share (EPS) of $0.21, matching analysts' estimates.
• The company declared a quarterly dividend of $0.095 per share, representing a 1.5% yield, with the payment scheduled for October 9th.

Wellington Management Group LLP trimmed its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 95.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,638 shares of the company's stock after selling 1,802,375 shares during the quarter. Wellington Management Group LLP's holdings in Schneider National were worth $2,003,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Balyasny Asset Management L.P. grew its position in shares of Schneider National by 4,324.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company's stock worth $9,152,000 after acquiring an additional 305,497 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Schneider National in the 4th quarter worth $8,453,000. Nuveen LLC bought a new stake in shares of Schneider National in the 1st quarter worth $5,631,000. Dimensional Fund Advisors LP raised its position in shares of Schneider National by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,616,682 shares of the company's stock worth $105,489,000 after purchasing an additional 206,582 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Schneider National by 40.4% during the fourth quarter. Two Sigma Advisers LP now owns 702,900 shares of the company's stock worth $20,581,000 after purchasing an additional 202,100 shares during the period. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Price Performance

Shares of SNDR traded up $0.09 during mid-day trading on Thursday, reaching $24.51. The company had a trading volume of 205,783 shares, compared to its average volume of 803,026. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.77. The company has a market capitalization of $4.30 billion, a P/E ratio of 35.01, a P/E/G ratio of 0.79 and a beta of 1.11. Schneider National, Inc. has a twelve month low of $20.59 and a twelve month high of $33.90. The company's 50-day moving average is $25.02 and its 200-day moving average is $24.18.

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, hitting analysts' consensus estimates of $0.21. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.Schneider National's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. On average, equities analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, September 12th. Schneider National's dividend payout ratio (DPR) is presently 54.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SNDR shares. Citigroup boosted 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. Robert W. Baird assumed coverage on Schneider National in a research report on Tuesday, July 1st. They set an "outperform" rating and a $28.00 price objective for the company. Bank of America boosted their price objective on Schneider National from $23.00 to $26.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Baird R W raised Schneider National to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $24.00 to $32.00 in a research report on Monday, June 2nd. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.29.

Insider Buying and Selling

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 in the company, valued at approximately $1,775,113.20. This trade represents a 33.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.