Schneider National, Inc. (NYSE:SNDR – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,092,456 shares, a decrease of 20.8% from the December 15th total of 5,170,467 shares. Based on an average daily volume of 810,531 shares, the days-to-cover ratio is currently 5.0 days. Approximately 3.0% of the company’s stock are short sold. Approximately 3.0% of the company’s stock are short sold. Based on an average daily volume of 810,531 shares, the days-to-cover ratio is currently 5.0 days.
Institutional Trading of Schneider National
A number of institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Schneider National during the 4th quarter worth approximately $29,469,000. Balyasny Asset Management L.P. acquired a new position in Schneider National in the second quarter valued at about $26,393,000. Gotham Asset Management LLC lifted its position in Schneider National by 396.1% during the third quarter. Gotham Asset Management LLC now owns 855,802 shares of the company’s stock worth $18,109,000 after purchasing an additional 683,298 shares during the period. Quantinno Capital Management LP grew its stake in Schneider National by 644.7% during the second quarter. Quantinno Capital Management LP now owns 620,714 shares of the company’s stock worth $14,990,000 after buying an additional 537,364 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Schneider National by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock valued at $72,238,000 after buying an additional 386,340 shares during the period. Institutional investors own 28.54% of the company’s stock.
Schneider National Stock Performance
Shares of Schneider National stock traded down $0.48 on Friday, hitting $29.32. The stock had a trading volume of 843,291 shares, compared to its average volume of 762,277. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 45.81, a price-to-earnings-growth ratio of 0.74 and a beta of 1.08. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.17. Schneider National has a twelve month low of $20.11 and a twelve month high of $31.19. The business’s 50 day moving average is $25.49 and its two-hundred day moving average is $24.42.
Schneider National Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Friday, December 12th were paid a $0.095 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.38 annualized dividend and a dividend yield of 1.3%. Schneider National’s dividend payout ratio is 59.38%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on SNDR shares. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a research note on Monday, December 29th. Evercore ISI boosted their target price on shares of Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, January 13th. National Bankshares set a $21.00 target price on shares of Schneider National in a report on Friday, October 31st. Finally, Susquehanna boosted their price target on Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.80.
Check Out Our Latest Report on SNDR
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.
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