Schneider National, Inc. (NYSE:SNDR) Short Interest Update

Schneider National, Inc. (NYSE:SNDR) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,911,854 shares, an increase of 30.6% from the February 26th total of 3,759,993 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,036,756 shares, the short-interest ratio is currently 4.7 days.

Schneider National Trading Up 0.7%

SNDR stock traded up $0.17 on Monday, hitting $25.61. 774,354 shares of the company were exchanged, compared to its average volume of 1,032,851. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 43.41, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06. Schneider National has a twelve month low of $20.11 and a twelve month high of $30.98. The business’s fifty day moving average is $27.51 and its two-hundred day moving average is $25.34.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS. As a group, research analysts forecast that Schneider National will post 1.12 earnings per share for the current year.

Schneider National declared that its board has authorized a stock repurchase plan on Wednesday, January 28th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Schneider National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 1.6%. Schneider National’s payout ratio is 67.80%.

Insider Activity

In related news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the transaction, the chief financial officer owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 23.64% of the company’s stock.

Institutional Trading of Schneider National

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Schneider National by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,857,023 shares of the company’s stock valued at $128,859,000 after buying an additional 83,356 shares in the last quarter. First Trust Advisors LP increased its position in shares of Schneider National by 10.7% in the second quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock worth $95,700,000 after acquiring an additional 381,898 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Schneider National by 64.9% in the 4th quarter. AQR Capital Management LLC now owns 2,077,455 shares of the company’s stock valued at $55,115,000 after acquiring an additional 817,259 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of Schneider National by 15.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,825,534 shares of the company’s stock valued at $48,431,000 after acquiring an additional 249,258 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Schneider National by 145.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,816,087 shares of the company’s stock valued at $48,181,000 after acquiring an additional 1,076,184 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDR has been the subject of several analyst reports. Stifel Nicolaus downgraded Schneider National from a “buy” rating to a “hold” rating and cut their price target for the company from $32.00 to $26.00 in a report on Tuesday, February 3rd. UBS Group restated a “neutral” rating on shares of Schneider National in a report on Friday, January 30th. Wells Fargo & Company lowered their price objective on Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 30th. Benchmark reiterated a “buy” rating on shares of Schneider National in a research note on Thursday, January 15th. Finally, Raymond James Financial upgraded Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.43.

Schneider National Company Profile

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.