Federated Hermes Inc. Reduces Stock Position in Schneider National, Inc. (NYSE:SNDR)

Federated Hermes Inc. lessened its position in shares of Schneider National, Inc. (NYSE:SNDR) by 35.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,036 shares of the company’s stock after selling 51,896 shares during the quarter. Federated Hermes Inc.’s holdings in Schneider National were worth $2,393,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in shares of Schneider National in the 4th quarter valued at about $12,547,000. Earnest Partners LLC lifted its holdings 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 buying an additional 335,004 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Schneider National by 44.8% in the 3rd quarter. New York State Common Retirement Fund now owns 987,255 shares of the company’s stock valued at $27,337,000 after buying an additional 305,484 shares during the period. Ceredex Value Advisors LLC lifted its holdings in shares of Schneider National by 40.1% in the 4th 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 lifted its holdings in shares of Schneider National by 360.1% in the 3rd quarter. UBS Group AG now owns 202,486 shares of the company’s stock valued at $5,607,000 after buying an additional 158,474 shares during the period. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SNDR. Stifel Nicolaus reduced their price target on Schneider National from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 18th. TD Cowen reduced their price target on Schneider National from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 2nd. Stephens reaffirmed an “equal weight” rating and issued a $28.00 price target on shares of Schneider National in a report on Monday, February 5th. Susquehanna reduced their price target on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $27.00 price target on shares of Schneider National in a report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Schneider National presently has an average rating of “Hold” and a consensus price target of $28.07.

Schneider National Price Performance

SNDR stock opened at $21.35 on Monday. 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 simple moving average of $22.41 and a 200-day simple moving average of $23.69. The firm has a market capitalization of $3.76 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $31.74.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Schneider National had a net margin of 4.34% and a return on equity of 8.23%. Schneider National’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. Equities research analysts anticipate that Schneider National, Inc. will post 1.09 earnings per share for the current fiscal year.

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.