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

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stephens reiterated an “equal weight” rating and set a $30.00 price objective (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on Schneider National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Stifel Nicolaus lifted their price objective on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their price target on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Schneider National has a consensus rating of “Hold” and a consensus target price of $30.85.

Schneider National Stock Performance

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 cap of $4.06 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 0.54 and a beta of 0.87. The stock’s 50-day moving average is $27.45 and its 200 day moving average is $28.64.

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

Schneider National Dividend Announcement

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

Hedge Funds Weigh In On Schneider National

A number of hedge funds have recently made changes to their positions in SNDR. Dimensional Fund Advisors LP lifted its holdings in shares of Schneider National by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,410,100 shares of the company’s stock valued at $129,128,000 after acquiring an additional 144,133 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Schneider National by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company’s stock valued at $127,940,000 after buying an additional 172,418 shares during the last quarter. American Century Companies Inc. grew its position in shares of Schneider National by 14.2% during the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock valued at $72,320,000 after buying an additional 306,275 shares during the last quarter. First Trust Advisors LP grew its position in shares of Schneider National by 87.8% during the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock valued at $64,429,000 after buying an additional 1,028,789 shares during the last quarter. Finally, GW&K Investment Management LLC grew its position in shares of Schneider National by 8.7% during the 4th quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company’s stock valued at $58,204,000 after buying an additional 158,505 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.