Bank of America Corp DE Buys 89,719 Shares of Schneider National, Inc. (NYSE:SNDR)

Bank of America Corp DE grew its stake in Schneider National, Inc. (NYSE:SNDR) by 26.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 423,690 shares of the company’s stock after acquiring an additional 89,719 shares during the quarter. Bank of America Corp DE’s holdings in Schneider National were worth $9,223,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Schneider National by 9.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 504,553 shares of the company’s stock worth $10,985,000 after buying an additional 43,997 shares in the last quarter. Swiss National Bank increased its holdings in Schneider National by 5.1% during the 2nd quarter. Swiss National Bank now owns 124,700 shares of the company’s stock worth $2,715,000 after purchasing an additional 6,100 shares in the last quarter. Duality Advisers LP increased its holdings in Schneider National by 2.3% during the 2nd quarter. Duality Advisers LP now owns 35,429 shares of the company’s stock worth $771,000 after purchasing an additional 795 shares in the last quarter. Jump Financial LLC bought a new position in shares of Schneider National in the 2nd quarter valued at about $516,000. Finally, Renaissance Technologies LLC bought a new position in shares of Schneider National in the 2nd quarter valued at about $731,000. Institutional investors own 25.33% of the company’s stock.

In other Schneider National news, EVP David L. Geyer sold 41,000 shares of the company’s stock in a transaction dated Monday, November 1st. The shares were sold at an average price of $25.28, for a total value of $1,036,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 34.55% of the company’s stock.

Shares of NYSE SNDR opened at $25.84 on Thursday. The firm’s 50-day moving average price is $24.31 and its 200-day moving average price is $23.23. Schneider National, Inc. has a 1-year low of $20.20 and a 1-year high of $27.15. The firm has a market capitalization of $4.59 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.67 and a beta of 0.99. The company has a current ratio of 2.03, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, October 28th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.40 billion. Schneider National had a net margin of 6.57% and a return on equity of 16.14%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. Equities research analysts forecast that Schneider National, Inc. will post 2.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 10th. Stockholders of record on Friday, December 10th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, December 9th. Schneider National’s payout ratio is presently 14.29%.

Several equities research analysts recently issued reports on the stock. Raymond James initiated coverage on shares of Schneider National in a research note on Friday, September 10th. They issued a “market perform” rating for the company. Morgan Stanley lifted their price target on shares of Schneider National from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, August 2nd. Cowen raised shares of Schneider National from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $32.00 in a research note on Wednesday, September 15th. Finally, TheStreet raised shares of Schneider National from a “c+” rating to a “b” rating in a research note on Monday, August 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.26.

Schneider National Company Profile

Schneider National Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering and freight payment services. It operates through the following segments: Truckload, Intermodal and Logistics.

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

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