Amalgamated Bank Buys 6,608 Shares of Schneider National, Inc. (NYSE:SNDR)

Amalgamated Bank lifted its position in Schneider National, Inc. (NYSE:SNDR) by 80.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,872 shares of the company’s stock after purchasing an additional 6,608 shares during the period. Amalgamated Bank’s holdings in Schneider National were worth $424,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in Schneider National by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock valued at $342,000 after buying an additional 493 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Schneider National by 3.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock worth $451,000 after purchasing an additional 618 shares during the last quarter. Hilltop National Bank increased its holdings in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after purchasing an additional 676 shares during the period. California State Teachers Retirement System raised its position in Schneider National by 1.7% during the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock valued at $1,265,000 after purchasing an additional 958 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Schneider National by 11.8% in the 1st quarter. Comerica Bank now owns 12,283 shares of the company’s stock worth $278,000 after buying an additional 1,297 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Performance

Shares of SNDR opened at $30.21 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.29 billion, a P/E ratio of 48.73, a P/E/G ratio of 3.80 and a beta of 0.85. The business’s 50 day moving average price is $28.40 and its 200-day moving average price is $25.72. Schneider National, Inc. has a 52 week low of $20.50 and a 52 week high of $32.14.

Schneider National (NYSE:SNDR) last released its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. Equities research analysts anticipate that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.26%. Schneider National’s dividend payout ratio is presently 61.29%.

Analyst Ratings Changes

Several research firms have recently issued reports on SNDR. Stifel Nicolaus boosted their target price on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Bank of America raised shares of Schneider National from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $34.00 in a research report on Thursday, November 7th. Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. The Goldman Sachs Group reduced their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.31.

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.