Schneider National, Inc. (NYSE:SNDR) Sees Significant Increase in Short Interest

Schneider National, Inc. (NYSE:SNDR) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 4,911,854 shares, an increase of 30.6% from the February 26th total of 3,759,993 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 1,036,756 shares, the days-to-cover ratio is presently 4.7 days.

Schneider National Stock Up 3.0%

Shares of Schneider National stock traded up $0.77 during trading on Tuesday, reaching $26.39. The stock had a trading volume of 986,647 shares, compared to its average volume of 978,422. The company has a current ratio of 2.13, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 44.72, a P/E/G ratio of 0.75 and a beta of 1.06. The stock has a fifty day moving average price of $27.51 and a two-hundred day moving average price of $25.34. Schneider National has a 52 week low of $20.11 and a 52 week high of $30.98.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. Sell-side analysts predict that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, March 13th. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.5%. Schneider National’s dividend payout ratio is currently 67.80%.

Schneider National declared that its Board of Directors has approved a stock buyback program on Wednesday, January 28th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer owned 66,275 shares of the company’s stock, valued at $1,914,684.75. The trade was a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Schneider National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Schneider National by 2,425.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock worth $36,000 after buying an additional 1,625 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Schneider National during the second quarter worth about $37,000. Global Retirement Partners LLC bought a new stake in Schneider National during the fourth quarter worth about $47,000. Farther Finance Advisors LLC boosted its position in Schneider National by 155.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock valued at $48,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Quarry LP grew its stake in Schneider National by 36.7% in the third quarter. Quarry LP now owns 3,404 shares of the company’s stock valued at $72,000 after purchasing an additional 913 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNDR has been the topic of several recent analyst reports. TD Cowen reduced their target price on Schneider National from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a report on Friday. National Bank Financial set a $27.00 price target on Schneider National in a research report on Friday, February 6th. Raymond James Financial upgraded Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Wednesday, December 3rd. Finally, Evercore increased their target price on Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.43.

Schneider National Company Profile

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.