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

Bank of New York Mellon Corp raised its position in Schneider National, Inc. (NYSE:SNDR - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 644,120 shares of the company's stock after acquiring an additional 16,116 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of Schneider National worth $18,860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company's stock valued at $38,000 after purchasing an additional 450 shares during the period. Blue Trust Inc. boosted its stake in shares of Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company's stock valued at $46,000 after buying an additional 1,350 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Schneider National during the fourth quarter worth $59,000. Quarry LP acquired a new position in Schneider National during the third quarter worth $90,000. Finally, Principal Securities Inc. lifted its holdings in Schneider National by 28.4% in the fourth quarter. Principal Securities Inc. now owns 4,626 shares of the company's stock valued at $135,000 after acquiring an additional 1,022 shares during the period. Hedge funds and other institutional investors own 28.54% of the company's stock.

Insiders Place Their Bets

In related news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $29.04, for a total transaction of $290,400.00. Following the transaction, the insider now directly owns 95,191 shares in the company, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 32.68% of the stock is owned by corporate insiders.

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Schneider National Price Performance

Shares of NYSE:SNDR traded down $0.51 on Wednesday, hitting $23.90. The company had a trading volume of 361,349 shares, compared to its average volume of 801,695. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.19 billion, a PE ratio of 36.77, a PEG ratio of 0.54 and a beta of 0.87. Schneider National, Inc. has a 52-week low of $20.50 and a 52-week high of $33.90. The business has a 50 day moving average of $28.27 and a 200 day moving average of $28.83.

Schneider National (NYSE:SNDR - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period last year, the business posted $0.16 EPS. As a group, equities analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a yield of 1.59%. Schneider National's dividend payout ratio (DPR) is currently 58.46%.

Analyst Upgrades and Downgrades

SNDR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Schneider National from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Susquehanna upped their target price on shares of Schneider National from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Schneider National from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Stephens restated an "equal weight" rating and issued a $30.00 price target (down previously from $32.00) on shares of Schneider National in a report on Monday, February 3rd. Finally, Stifel Nicolaus lifted their price objective on Schneider National from $28.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.85.

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.