Schneider National (NYSE:SNDR) Sets New 12-Month High – Here’s What Happened

Shares of Schneider National, Inc. (NYSE:SNDR) hit a new 52-week high during trading on Monday . The stock traded as high as $32.32 and last traded at $32.29, with a volume of 23524 shares. The stock had previously closed at $31.61.

Wall Street Analysts Forecast Growth

SNDR has been the subject of several research reports. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and raised their target price for the stock from $27.00 to $34.00 in a research report on Thursday, November 7th. Benchmark raised their target price on Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $32.00 to $30.00 in a research note on Tuesday, November 12th. Evercore ISI dropped their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, TD Cowen increased their price objective on Schneider National from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.31.

Schneider National Stock Performance

The stock has a 50-day moving average of $28.79 and a 200 day moving average of $26.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 50.98, a price-to-earnings-growth ratio of 3.83 and a beta of 0.85.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. On average, analysts expect that Schneider National, Inc. will post 0.7 EPS for the current year.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is currently 61.29%.

Hedge Funds Weigh In On Schneider National

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNDR. Principal Financial Group Inc. bought a new position in shares of Schneider National during the 3rd quarter valued at about $6,327,000. Louisiana State Employees Retirement System bought a new position in shares of Schneider National during the 3rd quarter valued at about $648,000. Tidal Investments LLC bought a new position in shares of Schneider National during the 1st quarter valued at about $468,000. GSA Capital Partners LLP bought a new position in shares of Schneider National during the 3rd quarter valued at about $713,000. Finally, Quadrature Capital Ltd bought a new position in shares of Schneider National during the 1st quarter valued at about $489,000. Institutional investors own 28.54% of the company’s stock.

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.