Federated Hermes Inc. Sells 51,896 Shares of Schneider National, Inc. (NYSE:SNDR)

Federated Hermes Inc. lowered its position in Schneider National, Inc. (NYSE:SNDR) by 35.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,036 shares of the company’s stock after selling 51,896 shares during the period. Federated Hermes Inc. owned 0.05% of Schneider National worth $2,393,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its position in Schneider National by 213.2% during the 4th quarter. Mackenzie Financial Corp now owns 86,064 shares of the company’s stock valued at $2,190,000 after buying an additional 58,584 shares in the last quarter. International Assets Investment Management LLC increased its position in Schneider National by 2,156.3% during the 4th quarter. International Assets Investment Management LLC now owns 19,088 shares of the company’s stock valued at $486,000 after buying an additional 18,242 shares in the last quarter. Ceredex Value Advisors LLC increased its position in Schneider National by 40.1% during 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 in the last quarter. Copeland Capital Management LLC bought a new position in Schneider National during the 4th quarter valued at approximately $12,547,000. Finally, Quent Capital LLC increased its position in Schneider National by 64.0% during the 4th quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock valued at $46,000 after buying an additional 708 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SNDR. Stifel Nicolaus reduced their price objective on Schneider National from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Evercore ISI lowered Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 target price for the company. in a report on Thursday, January 4th. Bank of America reduced their target price on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Stephens reissued an “equal weight” rating and issued a $28.00 target price on shares of Schneider National in a report on Monday, February 5th. Finally, Robert W. Baird reduced their target price on Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and a consensus target price of $28.07.

Schneider National Stock Performance

SNDR stock opened at $21.35 on Monday. The company has a market cap of $3.76 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. 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 stock’s fifty day moving average price is $22.41 and its 200-day moving average price is $23.69. Schneider National, Inc. has a 1 year low of $20.50 and a 1 year high of $31.74.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The company had revenue of $1.37 billion for 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 firm posted $0.64 earnings per share. On average, equities analysts forecast that Schneider National, Inc. will post 1.09 earnings per share for the current year.

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.