Bank of New York Mellon Corp Trims Stock Position in Schneider National, Inc. (NYSE:SNDR)

Bank of New York Mellon Corp trimmed its stake in Schneider National, Inc. (NYSE:SNDR - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 587,581 shares of the company's stock after selling 56,539 shares during the period. Bank of New York Mellon Corp owned 0.33% of Schneider National worth $13,426,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SNDR. KBC Group NV acquired a new position in Schneider National during the 1st quarter valued at about $28,000. Huntington National Bank increased its holdings in shares of Schneider National by 237.9% in the fourth quarter. Huntington National Bank now owns 1,416 shares of the company's stock valued at $41,000 after purchasing an additional 997 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Schneider National in the fourth quarter valued at about $48,000. CIBC Private Wealth Group LLC increased its holdings in shares of Schneider National by 4,856.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,379 shares of the company's stock valued at $69,000 after purchasing an additional 2,331 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Schneider National in the fourth quarter valued at about $76,000. 28.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SNDR has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Schneider National from $25.00 to $22.00 and set a "hold" rating on the stock in a research note on Friday, May 2nd. National Bankshares set a $25.00 target price on Schneider National in a research note on Friday, March 28th. Susquehanna lowered their target price on Schneider National from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 26th. Robert W. Baird initiated coverage on Schneider National in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $28.00 target price on the stock. Finally, The Goldman Sachs Group upgraded Schneider National from a "neutral" rating to a "buy" rating and increased their price target for the stock from $24.00 to $32.00 in a research report on Monday, June 2nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Schneider National presently has an average rating of "Moderate Buy" and a consensus price target of $27.29.

Schneider National Trading Up 1.3%

SNDR stock traded up $0.33 during midday trading on Wednesday, hitting $25.89. 570,351 shares of the company's stock were exchanged, compared to its average volume of 826,149. The business has a 50-day simple moving average of $24.50 and a two-hundred day simple moving average of $25.12. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.54 billion, a PE ratio of 36.98, a P/E/G ratio of 0.76 and a beta of 1.10. Schneider National, Inc. has a 1-year low of $20.59 and a 1-year high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Schneider National had a return on equity of 4.37% and a net margin of 2.32%. The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The company's revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts predict 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 was paid on Thursday, July 10th. Shareholders of record on Friday, June 13th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, June 13th. Schneider National's dividend payout ratio (DPR) is 54.29%.

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.