Schneider National, Inc. (NYSE:SNDR) Short Interest Update

Schneider National, Inc. (NYSE:SNDR – Get Rating) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,610,000 shares, a drop of 11.8% from the February 13th total of 2,960,000 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily volume of 579,700 shares, the short-interest ratio is currently 4.5 days.

Schneider National Price Performance

Schneider National stock opened at $27.66 on Monday. Schneider National has a one year low of $20.26 and a one year high of $30.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.12 and a quick ratio of 2.04. The stock’s 50 day moving average is $27.10 and its 200 day moving average is $24.46. The firm has a market cap of $4.92 billion, a P/E ratio of 10.76, a P/E/G ratio of 3.20 and a beta of 1.05.

Schneider National (NYSE:SNDR – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Schneider National had a net margin of 6.93% and a return on equity of 17.62%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts expect that Schneider National will post 2.21 EPS for the current year.

Schneider National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Friday, March 10th will be paid a $0.09 dividend. The ex-dividend date is Thursday, March 9th. This is a boost from Schneider National’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.30%. Schneider National’s dividend payout ratio is currently 14.01%.

Insider Buying and Selling

In other Schneider National news, EVP Robert M. Reich, Jr. sold 6,000 shares of Schneider National stock in a transaction on Monday, February 6th. The stock was sold at an average price of $29.64, for a total transaction of $177,840.00. Following the sale, the executive vice president now owns 93,645 shares of the company’s stock, valued at approximately $2,775,637.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $27.00, for a total transaction of $270,000.00. Following the sale, the insider now directly owns 124,497 shares of the company’s stock, valued at $3,361,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert M. Reich, Jr. sold 6,000 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $29.64, for a total transaction of $177,840.00. Following the sale, the executive vice president now directly owns 93,645 shares of the company’s stock, valued at $2,775,637.80. The disclosure for this sale can be found here. Company insiders own 32.97% of the company’s stock.

Institutional Trading of Schneider National

Several institutional investors and hedge funds have recently bought and sold shares of the company. Financial Advocates Investment Management bought a new position in shares of Schneider National in the 3rd quarter worth $286,000. MetLife Investment Management LLC purchased a new position in shares of Schneider National in the first quarter worth about $26,000. Belpointe Asset Management LLC purchased a new position in shares of Schneider National in the fourth quarter worth about $28,000. Rockefeller Capital Management L.P. increased its holdings in Schneider National by 420.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,307 shares of the company’s stock valued at $25,000 after purchasing an additional 1,056 shares during the period. Finally, Ronald Blue Trust Inc. increased its holdings in Schneider National by 601.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,642 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares during the period. 27.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Cowen boosted their target price on shares of Schneider National from $29.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Benchmark upped their price objective on shares of Schneider National from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Credit Suisse Group lifted their target price on shares of Schneider National from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Susquehanna lowered shares of Schneider National from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $27.00 in a research note on Monday, January 9th. Finally, Citigroup lifted their target price on shares of Schneider National from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Schneider National currently has a consensus rating of “Moderate Buy” and an average price target of $29.42.

About Schneider National

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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 business segments: Truckload, Intermodal and Logistics.