Schneider National (NYSE:SNDR) Hits New 52-Week Low at $20.50

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

Wall Street Analyst Weigh In

Several brokerages have commented on SNDR. Stephens reissued an “equal weight” rating and set a $28.00 target price on shares of Schneider National in a research note on Monday, February 5th. Susquehanna lowered their price objective on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. TD Cowen lowered their price objective on Schneider National from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, February 2nd. Stifel Nicolaus increased their target price on shares of Schneider National from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Robert W. Baird decreased their target price on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.21.

Schneider National Trading Down 4.3 %

The business has a fifty day moving average of $22.91 and a 200-day moving average of $24.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. The company has a market capitalization of $3.64 billion, a P/E ratio of 15.53, a PEG ratio of 1.23 and a beta of 0.89.

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

Schneider National Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were issued a $0.095 dividend. This is a boost from Schneider National’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, March 7th. Schneider National’s dividend payout ratio (DPR) is currently 28.57%.

Hedge Funds Weigh In On Schneider National

A number of large investors have recently modified their holdings of SNDR. Vanguard Group Inc. lifted its stake in Schneider National by 5.4% during the 1st 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 in the last quarter. BlackRock Inc. increased its position in shares of Schneider National by 3.0% during the 3rd quarter. BlackRock Inc. now owns 4,280,609 shares of the company’s stock valued at $86,896,000 after purchasing an additional 124,043 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Schneider National by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,405,619 shares of the company’s stock valued at $86,675,000 after purchasing an additional 130,426 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Schneider National by 8.2% during the 4th quarter. AQR Capital Management LLC now owns 3,008,023 shares of the company’s stock valued at $70,388,000 after purchasing an additional 227,164 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Schneider National by 14.3% during the 4th quarter. Morgan Stanley now owns 2,379,638 shares of the company’s stock valued at $55,684,000 after purchasing an additional 297,850 shares during the last quarter. 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.