Schneider National (NYSE:SNDR) Shares Gap Down – Here’s What Happened

Schneider National, Inc. (NYSE:SNDR) gapped down before the market opened on Friday . The stock had previously closed at $30.73, but opened at $30.03. Schneider National shares last traded at $29.96, with a volume of 48,446 shares.

Analysts Set New Price Targets

SNDR has been the subject of a number of analyst reports. Evercore ISI lowered their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group decreased their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America increased their price objective on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Susquehanna lowered their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, TD Cowen raised their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.15.

Schneider National Stock Performance

The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $30.64 and a 200 day simple moving average of $28.21. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 47.85, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, sell-side analysts predict that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 13th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, December 13th. Schneider National’s dividend payout ratio is currently 61.29%.

Insider Activity at Schneider National

In other Schneider National news, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the sale, the chief operating officer now owns 266,887 shares of the company’s stock, valued at approximately $8,833,959.70. The trade was a 10.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the sale, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock worth $2,153,011 in the last quarter. Company insiders own 18.83% of the company’s stock.

Institutional Investors Weigh In On Schneider National

A number of hedge funds and other institutional investors have recently modified their holdings of SNDR. GAMMA Investing LLC increased its stake in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after purchasing an additional 450 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Schneider National in the fourth quarter valued at $59,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Schneider National during the 3rd quarter worth $73,000. Quarry LP purchased a new stake in shares of Schneider National in the 3rd quarter worth about $90,000. Finally, SG Americas Securities LLC acquired a new stake in Schneider National in the 3rd quarter valued at about $109,000. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.