Bank of New York Mellon Corp Grows Holdings in Schneider National, Inc. $SNDR

Bank of New York Mellon Corp increased its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612,042 shares of the company’s stock after purchasing an additional 24,461 shares during the period. Bank of New York Mellon Corp owned 0.35% of Schneider National worth $14,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of Schneider National during the second quarter worth about $215,000. Simon Quick Advisors LLC purchased a new position in shares of Schneider National in the 2nd quarter valued at approximately $232,000. Hantz Financial Services Inc. increased its holdings in shares of Schneider National by 2,943.5% in the second quarter. Hantz Financial Services Inc. now owns 3,500 shares of the company’s stock valued at $85,000 after purchasing an additional 3,385 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Schneider National by 30.9% during the second quarter. Teacher Retirement System of Texas now owns 22,624 shares of the company’s stock worth $546,000 after purchasing an additional 5,334 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Schneider National during the second quarter worth approximately $214,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Schneider National from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. National Bankshares set a $21.00 target price on shares of Schneider National in a research note on Friday, October 31st. Susquehanna dropped their price target on shares of Schneider National from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. UBS Group cut shares of Schneider National from a “buy” rating to a “neutral” rating and increased their price target for the stock from $25.00 to $26.00 in a report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Schneider National in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and a consensus target price of $25.64.

Schneider National Trading Down 3.1%

Shares of Schneider National stock opened at $20.79 on Tuesday. The company has a 50-day moving average of $22.43 and a two-hundred day moving average of $23.76. Schneider National, Inc. has a 12-month low of $20.11 and a 12-month high of $33.90. The company has a current ratio of 2.11, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.64 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 0.84 and a beta of 1.04.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, October 30th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Schneider National had a net margin of 2.03% and a return on equity of 4.04%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. On average, research analysts anticipate that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Friday, December 12th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, December 12th. This represents a $0.38 dividend on an annualized basis and a yield of 1.8%. Schneider National’s payout ratio is presently 59.38%.

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.