Bank of New York Mellon Corp Grows Position in Schneider National Inc (SNDR)

Bank of New York Mellon Corp lifted its position in Schneider National Inc (NYSE:SNDR) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,398 shares of the company’s stock after acquiring an additional 4,132 shares during the period. Bank of New York Mellon Corp owned 0.06% of Schneider National worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNDR. Vanguard Group Inc. acquired a new stake in Schneider National during the 2nd quarter worth about $67,293,000. Associated Banc Corp acquired a new stake in Schneider National during the 2nd quarter worth about $56,314,000. Citadel Advisors LLC acquired a new stake in Schneider National during the 2nd quarter worth about $32,099,000. Balyasny Asset Management LLC acquired a new stake in Schneider National during the 2nd quarter worth about $27,115,000. Finally, Voya Investment Management LLC acquired a new stake in Schneider National during the 2nd quarter worth about $20,390,000. 21.45% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the company. Citigroup downgraded Schneider National from a “buy” rating to a “neutral” rating in a research report on Thursday. KeyCorp reaffirmed a “hold” rating on shares of Schneider National in a research report on Monday, November 13th. BidaskClub raised Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Buckingham Research began coverage on shares of Schneider National in a research note on Friday, October 20th. They set a “buy” rating and a $29.00 target price on the stock. Finally, UBS Group reissued a “buy” rating and set a $30.00 target price (up from $24.00) on shares of Schneider National in a research note on Friday, September 29th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Schneider National presently has an average rating of “Buy” and a consensus price target of $25.11.

In related news, Director Thomas A. Gannon sold 256,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total value of $6,195,200.00. Following the transaction, the director now directly owns 682,991 shares of the company’s stock, valued at approximately $16,528,382.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher B. Lofgren sold 600,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $14,520,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,597,420 shares in the company, valued at $38,657,564. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,258,500 shares of company stock worth $30,533,900.

Shares of Schneider National Inc (NYSE SNDR) opened at $27.70 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.93 and a current ratio of 2.12. Schneider National Inc has a 12 month low of $17.69 and a 12 month high of $29.36. The stock has a market cap of $4,900.00 and a PE ratio of 31.48.

Schneider National (NYSE:SNDR) last posted its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. research analysts predict that Schneider National Inc will post 0.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, December 14th. Schneider National’s payout ratio is currently 22.73%.

WARNING: “Bank of New York Mellon Corp Grows Position in Schneider National Inc (SNDR)” was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.com-unik.info/2018/01/06/bank-of-new-york-mellon-corp-grows-position-in-schneider-national-inc-sndr.html.

Schneider National Profile

Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.

Want to see what other hedge funds are holding SNDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schneider National Inc (NYSE:SNDR).

Institutional Ownership by Quarter for Schneider National (NYSE:SNDR)

Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit