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

Bank of New York Mellon Corp increased its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 644,120 shares of the company’s stock after buying an additional 16,116 shares during the quarter. Bank of New York Mellon Corp owned about 0.37% of Schneider National worth $18,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its position in Schneider National by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock worth $83,184,000 after buying an additional 48,905 shares in the last quarter. State Street Corp lifted its position in Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after buying an additional 743,800 shares in the last quarter. Copeland Capital Management LLC lifted its position in Schneider National by 2.4% during the fourth quarter. Copeland Capital Management LLC now owns 1,622,974 shares of the company’s stock worth $47,521,000 after buying an additional 38,796 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Schneider National by 2.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,263,770 shares of the company’s stock worth $36,068,000 after buying an additional 34,477 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Schneider National by 11.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 819,333 shares of the company’s stock worth $23,384,000 after buying an additional 83,439 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SNDR shares. Benchmark lifted their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and reduced their target price for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. Wells Fargo & Company lifted their target price on Schneider National from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Stifel Nicolaus lifted their target price on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, TD Cowen lifted their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.85.

Schneider National Stock Down 0.3 %

Schneider National stock opened at $25.43 on Tuesday. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $33.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The company has a market capitalization of $4.46 billion, a P/E ratio of 39.12, a PEG ratio of 0.54 and a beta of 0.87. The stock has a 50-day simple moving average of $28.36 and a 200-day simple moving average of $28.85.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities research analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National’s payout ratio is 58.46%.

Insiders Place Their Bets

In related news, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the sale, the insider now owns 95,191 shares in the company, valued at $2,764,346.64. This represents a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 32.68% of the stock is currently owned by insiders.

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.