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

Schneider National, Inc. (NYSE:SNDR) shares hit a new 52-week low on Wednesday . The company 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.

Analyst Ratings Changes

SNDR has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on shares of Schneider National from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Schneider National in a report on Friday, April 12th. Robert W. Baird reduced their price target on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Bank of America reduced their price target on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday. Finally, Susquehanna reduced their price target on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.21.

Schneider National Stock Performance

The company has a market cap of $3.64 billion, a PE ratio of 15.53, a P/E/G ratio of 1.23 and a beta of 0.89. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $22.91 and its two-hundred day simple moving average is $24.02.

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

Schneider National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders 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 1.84%. This is a boost 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 presently 28.57%.

Institutional Trading of Schneider National

Several institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC acquired a new position in shares of Schneider National in the 1st quarter valued at $26,000. Bruce G. Allen Investments LLC purchased a new position in Schneider National during the fourth quarter valued at $29,000. Whittier Trust Co. purchased a new position in Schneider National during the third quarter valued at $35,000. Winch Advisory Services LLC lifted its holdings in Schneider National by 61.6% during the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock valued at $37,000 after purchasing an additional 503 shares in the last quarter. Finally, Quarry LP lifted its holdings in Schneider National by 252.2% during the first quarter. Quarry LP now owns 1,627 shares of the company’s stock valued at $44,000 after purchasing an additional 1,165 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

About Schneider National

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.