Schneider National (NYSE:SNDR) Shares Down 3.3% – What’s Next?

Schneider National, Inc. (NYSE:SNDR) shares fell 3.3% on Wednesday . The stock traded as low as $22.90 and last traded at $22.92. 235,545 shares traded hands during trading, a decline of 70% from the average session volume of 783,633 shares. The stock had previously closed at $23.70.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stephens reiterated an “equal weight” rating and issued a $30.00 target price (down previously from $32.00) on shares of Schneider National in a report on Monday, February 3rd. Benchmark lifted their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. cut their target price on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Susquehanna boosted their target price on shares of Schneider National from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Bank of America lifted their price target on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.85.

Schneider National Stock Down 0.2 %

The stock has a market capitalization of $4.06 billion, a P/E ratio of 35.56, a P/E/G ratio of 0.54 and a beta of 0.87. The stock’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $28.64. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter last year, the business posted $0.16 earnings per share. As a group, research analysts predict that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a yield of 1.64%. Schneider National’s dividend payout ratio is currently 58.46%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in Schneider National by 780.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock worth $372,000 after purchasing an additional 11,312 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Schneider National during the third quarter worth $6,327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Schneider National by 15.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock valued at $3,724,000 after purchasing an additional 17,573 shares in the last quarter. Geode Capital Management LLC raised its stake in Schneider National by 18.4% in the third quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock valued at $21,305,000 after purchasing an additional 115,814 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Schneider National in the third quarter valued at about $9,157,000. 28.54% of the stock is owned by institutional investors.

Schneider National Company Profile

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.