Bank of New York Mellon Corp grew its holdings in shares of Schneider National Inc (NYSE:SNDR) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,398 shares of the company’s stock after purchasing an additional 4,132 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.06% of Schneider National worth $2,768,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SNDR. Macquarie Group Ltd. purchased a new stake in Schneider National during the 2nd quarter valued at approximately $1,935,000. Farmers & Merchants Investments Inc. purchased a new stake in Schneider National during the 3rd quarter valued at approximately $3,807,000. Stifel Financial Corp purchased a new stake in Schneider National during the 2nd quarter valued at approximately $2,489,000. Legato Capital Management LLC purchased a new stake in Schneider National during the 3rd quarter valued at approximately $451,000. Finally, Associated Banc Corp purchased a new stake in Schneider National during the 2nd quarter valued at approximately $56,314,000. 21.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Schneider National Inc (NYSE:SNDR) opened at $29.21 on Friday. The firm has a market capitalization of $5,170.00 and a price-to-earnings ratio of 33.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 1.93. Schneider National Inc has a 52 week low of $17.69 and a 52 week high of $29.36.
Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Schneider National had a net margin of 3.61% and a return on equity of 10.79%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. sell-side analysts expect that Schneider National Inc will post 0.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. Schneider National’s dividend payout ratio is currently 22.73%.
A number of research analysts have recently commented on SNDR shares. Robert W. Baird reiterated a “buy” rating and set a $28.00 target price on shares of Schneider National in a research report on Friday, October 6th. Morgan Stanley increased their target price on Schneider National from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. KeyCorp initiated coverage on Schneider National in a research report on Tuesday, October 10th. They issued a “sector weight” rating for the company. UBS Group restated a “buy” rating and issued a $30.00 price target (up from $24.00) on shares of Schneider National in a research report on Friday, September 29th. Finally, Buckingham Research initiated coverage on Schneider National in a research report on Friday, October 20th. They issued a “buy” rating and a $29.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.10.
In other Schneider National news, EVP Paul J. Kardish sold 85,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $25.12, for a total value of $2,135,200.00. Following the completion of the sale, the executive vice president now owns 222,432 shares of the company’s stock, valued at $5,587,491.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven J. Matheys sold 62,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $24.20, for a total value of $1,512,500.00. Following the completion of the sale, the insider now directly owns 816,014 shares of the company’s stock, valued at approximately $19,747,538.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,258,500 shares of company stock worth $30,533,900.
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Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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