Schneider National Inc (NYSE:SNDR) Short Interest Down 11.7% in November

Schneider National Inc (NYSE:SNDR) saw a significant decline in short interest in November. As of November 29th, there was short interest totalling 2,030,000 shares, a decline of 11.7% from the November 14th total of 2,300,000 shares. Based on an average trading volume of 490,500 shares, the short-interest ratio is presently 4.1 days. Approximately 4.1% of the shares of the stock are short sold.

Several equities analysts have recently commented on SNDR shares. Citigroup raised shares of Schneider National from a “neutral” rating to a “buy” rating and upped their price objective for the company from $22.00 to $23.00 in a research note on Tuesday, September 3rd. Goldman Sachs Group initiated coverage on shares of Schneider National in a research note on Thursday, December 5th. They set a “buy” rating and a $27.00 target price for the company. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research note on Thursday, October 10th. Stephens set a $27.00 target price on shares of Schneider National and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley set a $32.00 target price on shares of Schneider National and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Schneider National currently has an average rating of “Buy” and a consensus target price of $24.75.

Shares of NYSE:SNDR traded down $0.28 during trading on Friday, reaching $22.10. 351,366 shares of the stock traded hands, compared to its average volume of 321,067. The stock has a 50-day moving average of $22.98 and a two-hundred day moving average of $20.41. Schneider National has a 52-week low of $16.59 and a 52-week high of $24.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.19. The stock has a market cap of $3.96 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 5.56 and a beta of 1.59.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Schneider National had a net margin of 3.58% and a return on equity of 11.12%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. Sell-side analysts expect that Schneider National will post 1.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, December 12th. Schneider National’s payout ratio is 15.48%.

In other Schneider National news, VP Amy G. Schilling sold 8,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $23.99, for a total transaction of $191,920.00. 28.00% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. boosted its holdings in Schneider National by 21.7% in the third quarter. Point72 Asset Management L.P. now owns 2,800 shares of the company’s stock worth $61,000 after purchasing an additional 500 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Schneider National by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 83,164 shares of the company’s stock worth $1,517,000 after purchasing an additional 870 shares during the last quarter. North Star Investment Management Corp. purchased a new stake in Schneider National in the third quarter worth approximately $27,000. Janus Henderson Group PLC boosted its holdings in Schneider National by 8.5% in the second quarter. Janus Henderson Group PLC now owns 18,156 shares of the company’s stock worth $331,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Schneider National by 4.2% in the third quarter. Rhumbline Advisers now owns 41,155 shares of the company’s stock worth $894,000 after purchasing an additional 1,654 shares during the last quarter. Hedge funds and other institutional investors own 23.99% of the company’s stock.

About Schneider National

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.

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