Federated Hermes Inc. Sells 51,896 Shares of Schneider National, Inc. (NYSE:SNDR)

Federated Hermes Inc. lowered its holdings in Schneider National, Inc. (NYSE:SNDR - Free Report) by 35.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,036 shares of the company's stock after selling 51,896 shares during the quarter. Federated Hermes Inc. owned about 0.05% of Schneider National worth $2,393,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNDR. Copeland Capital Management LLC acquired a new stake in shares of Schneider National in the 4th quarter valued at $12,547,000. Earnest Partners LLC boosted its stake in shares of Schneider National by 24.3% in the 3rd quarter. Earnest Partners LLC now owns 1,715,651 shares of the company's stock valued at $47,506,000 after purchasing an additional 335,004 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Schneider National by 44.8% during the 3rd quarter. New York State Common Retirement Fund now owns 987,255 shares of the company's stock worth $27,337,000 after buying an additional 305,484 shares during the period. Ceredex Value Advisors LLC lifted its holdings in Schneider National by 40.1% in the fourth quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company's stock valued at $17,635,000 after buying an additional 197,750 shares during the period. Finally, UBS Group AG boosted its stake in Schneider National by 360.1% in the third quarter. UBS Group AG now owns 202,486 shares of the company's stock valued at $5,607,000 after acquiring an additional 158,474 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Price Performance

NYSE:SNDR traded down $0.14 during trading hours on Monday, reaching $21.21. 1,052,068 shares of the company were exchanged, compared to its average volume of 832,131. The company has a market capitalization of $3.73 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.43 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.64. The business has a 50 day moving average of $22.36 and a 200 day moving average of $23.65. Schneider National, Inc. has a 1-year low of $20.50 and a 1-year high of $31.74.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm earned $0.64 EPS. The firm's revenue for the quarter was down 12.2% compared to the same quarter last year. Research analysts forecast that Schneider National, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SNDR. Bank of America dropped their price objective on Schneider National from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, April 15th. Benchmark restated a "buy" rating and set a $27.00 price objective on shares of Schneider National in a report on Friday, April 12th. Stifel Nicolaus reduced their price target on shares of Schneider National from $27.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, April 18th. Stephens restated an "equal weight" rating and issued a $28.00 price objective on shares of Schneider National in a research report on Monday, February 5th. Finally, Susquehanna decreased their target price on Schneider National from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Schneider National currently has an average rating of "Hold" and a consensus price target of $28.07.

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.