Schneider National (NYSE:SNDR) Reaches New 12-Month Low at $20.50

Shares of Schneider National, Inc. (NYSE:SNDR) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.50 and last traded at $20.65, with a volume of 691942 shares changing hands. The stock had previously closed at $21.62.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNDR. Bank of America lowered their price target on Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday. Susquehanna decreased their target price on Schneider National from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Evercore ISI cut Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 target price on the stock. in a report on Thursday, January 4th. Robert W. Baird decreased their target price on Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Finally, Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Schneider National in a report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Schneider National currently has an average rating of “Hold” and an average target price of $28.07.

Schneider National Stock Up 2.7 %

The business has a 50-day simple moving average of $22.77 and a two-hundred day simple moving average of $23.98. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.33 and a beta of 0.89. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. Schneider National’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. As a group, equities analysts forecast that Schneider National, Inc. will post 1.13 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.79%. This is a positive change from Schneider National’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, March 7th. Schneider National’s payout ratio is currently 28.57%.

Hedge Funds Weigh In On Schneider National

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Schneider National by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,816,076 shares of the company’s stock valued at $122,810,000 after acquiring an additional 244,894 shares during the period. BlackRock Inc. increased its stake in Schneider National by 3.0% during the third quarter. BlackRock Inc. now owns 4,280,609 shares of the company’s stock valued at $86,896,000 after acquiring an additional 124,043 shares during the period. Dimensional Fund Advisors LP increased its stake in Schneider National by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,405,619 shares of the company’s stock valued at $86,675,000 after acquiring an additional 130,426 shares during the period. AQR Capital Management LLC increased its stake in Schneider National by 8.2% during the fourth quarter. AQR Capital Management LLC now owns 3,008,023 shares of the company’s stock valued at $70,388,000 after acquiring an additional 227,164 shares during the period. Finally, Morgan Stanley increased its stake in Schneider National by 14.3% during the fourth quarter. Morgan Stanley now owns 2,379,638 shares of the company’s stock valued at $55,684,000 after acquiring an additional 297,850 shares during the period. 28.54% of the stock is currently 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.