Schneider National (NYSE:SNDR) Shares Up 6% – Here’s What Happened

Schneider National, Inc. (NYSE:SNDR)’s stock price rose 6% during mid-day trading on Wednesday . The company traded as high as $24.95 and last traded at $24.8490. Approximately 257,136 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 873,127 shares. The stock had previously closed at $23.44.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SNDR. TD Cowen cut their price target on shares of Schneider National from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus raised shares of Schneider National from a “hold” rating to a “buy” rating and dropped their target price for the stock from $26.00 to $25.00 in a research report on Friday, October 3rd. Citigroup reduced their price target on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Zacks Research cut Schneider National from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Raymond James Financial raised Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Schneider National has an average rating of “Hold” and an average target price of $25.80.

Schneider National Stock Up 0.6%

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.11 and a quick ratio of 1.93. The stock’s fifty day simple moving average is $22.28 and its 200-day simple moving average is $23.66. The stock has a market cap of $4.44 billion, a P/E ratio of 39.57, a PEG ratio of 0.99 and a beta of 1.09.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Schneider National had a return on equity of 4.04% and a net margin of 2.03%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. On average, research analysts anticipate that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.38 annualized dividend and a dividend yield of 1.5%. Schneider National’s payout ratio is 59.38%.

Institutional Trading of Schneider National

Hedge funds have recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in Schneider National during the 1st quarter valued at about $25,000. Quarry LP bought a new stake in shares of Schneider National during the first quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Schneider National by 2,425.4% during the third 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 period. Elevation Point Wealth Partners LLC bought a new position in Schneider National in the 2nd quarter worth approximately $37,000. Finally, KBC Group NV increased its position in Schneider National by 86.3% in the 2nd quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after acquiring an additional 1,061 shares during the period. 28.54% of the stock is currently owned by institutional investors.

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.