Schneider National, Inc. (NYSE:SNDR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of Schneider National, Inc. (NYSE:SNDR) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 729,584 shares of the company’s stock after selling 38,482 shares during the period. Bank of America Corp DE owned approximately 0.42% of Schneider National worth $21,362,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Schneider National by 780.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock valued at $372,000 after purchasing an additional 11,312 shares during the period. Raymond James Financial Inc. purchased a new position in Schneider National in the fourth quarter valued at $5,349,000. Proficio Capital Partners LLC purchased a new position in Schneider National in the fourth quarter valued at $997,000. KLP Kapitalforvaltning AS purchased a new position in Schneider National in the fourth quarter valued at $349,000. Finally, QRG Capital Management Inc. boosted its holdings in Schneider National by 9.0% in the fourth quarter. QRG Capital Management Inc. now owns 138,027 shares of the company’s stock valued at $4,041,000 after purchasing an additional 11,392 shares during the period. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Stock Up 0.6%

Shares of NYSE SNDR opened at $24.55 on Tuesday. The stock has a market cap of $4.30 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 52-week low of $20.59 and a 52-week high of $33.90. The business has a 50-day moving average price of $22.83 and a 200 day moving average price of $27.10.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.55%. Schneider National’s payout ratio is 54.29%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI decreased their target price on Schneider National from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Citigroup upgraded Schneider National from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $23.00 in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on Schneider National from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Susquehanna dropped their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their price objective on Schneider National from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Schneider National has an average rating of “Hold” and a consensus price target of $26.50.

Schneider National 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.