Schneider National, Inc. (NYSE:SNDR - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $20.50 and last traded at $20.65, with a volume of 691942 shares traded. The stock had previously closed at $21.62.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SNDR shares. Robert W. Baird cut their price target on shares of Schneider National from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Thursday, April 4th. Bank of America lowered their price target on Schneider National from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday. Stephens restated an "equal weight" rating and issued a $28.00 price objective on shares of Schneider National in a report on Monday, February 5th. Evercore ISI lowered Schneider National from an "outperform" rating to an "inline" rating and set a $25.00 price objective on the stock. in a research note on Thursday, January 4th. Finally, Benchmark reissued a "buy" rating and set a $27.00 target price on shares of Schneider National in a research report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $28.21.
Check Out Our Latest Stock Analysis on Schneider National
Schneider National Trading Down 4.5 %
The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.64. The business's fifty day simple moving average is $22.84 and its 200 day simple moving average is $24.00. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.23 and a beta of 0.89.
Schneider National (NYSE:SNDR - Get Free Report) 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). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The business's revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. On average, research analysts predict that Schneider National, Inc. will post 1.13 EPS for the current year.
Schneider National Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 8th were paid a $0.095 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.38 annualized dividend and a dividend yield of 1.84%. This is a positive change from Schneider National's previous quarterly dividend of $0.09. Schneider National's dividend payout ratio (DPR) is presently 28.57%.
Hedge Funds Weigh In On Schneider National
Several large investors have recently bought and sold shares of SNDR. Wasatch Advisors Inc. acquired a new stake in Schneider National in the 1st quarter valued at about $25,894,000. Earnest Partners LLC lifted its stake in Schneider National by 429,550.9% during the first quarter. Earnest Partners LLC now owns 691,738 shares of the company's stock valued at $17,639,000 after purchasing an additional 691,577 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Schneider National by 268.6% during the first quarter. Envestnet Asset Management Inc. now owns 946,658 shares of the company's stock worth $7,132,000 after buying an additional 689,803 shares in the last quarter. Norges Bank bought a new stake in Schneider National during the fourth quarter worth approximately $14,200,000. Finally, Copeland Capital Management LLC acquired a new position in Schneider National in the fourth quarter worth approximately $12,547,000. Institutional investors and hedge funds own 28.54% of the company's stock.
About Schneider National
(
Get Free Report)
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.
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