Bank of America Corp DE Has $21.36 Million Stock Holdings in Schneider National, Inc. (NYSE:SNDR)

Bank of America Corp DE decreased its position in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 729,584 shares of the company's stock after selling 38,482 shares during the period. Bank of America Corp DE owned 0.42% of Schneider National worth $21,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Schneider National by 780.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company's stock worth $372,000 after buying an additional 11,312 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Schneider National during the 4th quarter worth approximately $5,349,000. Proficio Capital Partners LLC purchased a new position in Schneider National during the 4th quarter worth approximately $997,000. KLP Kapitalforvaltning AS purchased a new position in Schneider National during the 4th quarter worth approximately $349,000. Finally, QRG Capital Management Inc. grew its position in Schneider National by 9.0% during the 4th quarter. QRG Capital Management Inc. now owns 138,027 shares of the company's stock worth $4,041,000 after purchasing an additional 11,392 shares in the last quarter. Institutional investors own 28.54% of the company's stock.

Analysts Set New Price Targets

SNDR has been the topic of several research analyst reports. National Bankshares set a $25.00 price objective on shares of Schneider National in a research report on Friday, March 28th. UBS Group lowered their price objective on shares of Schneider National from $32.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Evercore ISI lowered their price target on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Schneider National from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.50.

Schneider National Stock Down 1.2%

NYSE:SNDR traded down $0.28 during trading hours on Friday, reaching $23.26. The company's stock had a trading volume of 647,702 shares, compared to its average volume of 819,970. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. Schneider National, Inc. has a one year low of $20.59 and a one year high of $33.90. The business's 50-day moving average is $22.82 and its 200-day moving average is $26.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.43 billion. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. Schneider National's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Equities research analysts predict that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, June 13th. Schneider National's dividend payout ratio is 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.