Bank of New York Mellon Corp Trims Stake in Schneider National, Inc. $SNDR

Bank of New York Mellon Corp cut its stake in Schneider National, Inc. (NYSE:SNDR) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,779,611 shares of the company’s stock after selling 36,476 shares during the quarter. Bank of New York Mellon Corp’s holdings in Schneider National were worth $46,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNDR. Royal Bank of Canada boosted its stake in shares of Schneider National by 19.1% during the 1st quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock worth $3,702,000 after acquiring an additional 26,015 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Schneider National in the 1st quarter valued at about $7,477,000. Empowered Funds LLC raised its holdings in Schneider National by 12.0% in the 1st quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock worth $319,000 after purchasing an additional 1,494 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Schneider National by 18.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock worth $4,077,000 after purchasing an additional 27,180 shares during the period. Finally, Jane Street Group LLC boosted its position in Schneider National by 120.5% during the first quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock worth $2,071,000 after purchasing an additional 49,511 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Shaleen Devgun sold 8,352 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $38.59, for a total transaction of $322,303.68. Following the transaction, the executive vice president directly owned 38,619 shares of the company’s stock, valued at approximately $1,490,307.21. This trade represents a 17.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas G. Jackson sold 20,271 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $37.15, for a total transaction of $753,067.65. Following the completion of the transaction, the executive vice president owned 77,174 shares of the company’s stock, valued at $2,867,014.10. This trade represents a 20.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 31,048 shares of company stock worth $1,150,304. 23.64% of the stock is owned by company insiders.

Schneider National Price Performance

Shares of SNDR stock opened at $37.65 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.95 and a quick ratio of 1.83. The firm has a fifty day moving average of $36.21 and a two-hundred day moving average of $31.05. Schneider National, Inc. has a 1-year low of $20.11 and a 1-year high of $39.27. The firm has a market cap of $6.59 billion, a P/E ratio of 67.22, a P/E/G ratio of 1.04 and a beta of 1.17.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.42 billion. Schneider National had a net margin of 1.73% and a return on equity of 3.45%. Schneider National’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Schneider National has set its FY 2026 guidance at 0.700-1.00 EPS. As a group, research analysts anticipate that Schneider National, Inc. will post 0.91 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 1.1%. Schneider National’s payout ratio is presently 71.43%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Susquehanna boosted their price objective on Schneider National from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Zacks Research raised shares of Schneider National from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Morgan Stanley increased their price objective on shares of Schneider National from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Weiss Ratings lowered shares of Schneider National from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Citigroup upped their price target on shares of Schneider National from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.31.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.