Schneider National, Inc. (NYSE:SNDR) Sees Large Decline in Short Interest

Schneider National, Inc. (NYSE:SNDR) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,690,000 shares, a decline of 30.9% from the December 15th total of 5,340,000 shares. Based on an average trading volume of 697,400 shares, the days-to-cover ratio is presently 5.3 days. Approximately 7.3% of the shares of the company are short sold.

Insider Buying and Selling

In related news, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,555 shares of company stock valued at $2,153,011. 32.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Schneider National

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Schneider National by 52.6% during the fourth 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. The Manufacturers Life Insurance Company lifted its holdings in shares of Schneider National by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock worth $342,000 after purchasing an additional 493 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in shares of Schneider National by 1.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock worth $1,847,000 after purchasing an additional 1,341 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Schneider National by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company’s stock valued at $3,280,000 after purchasing an additional 1,424 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Schneider National by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the company’s stock worth $417,000 after purchasing an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDR has been the subject of a number of research reports. Bank of America lifted their target price on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark lifted their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. TD Cowen raised their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their price target on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.08.

Schneider National Stock Up 1.2 %

Shares of NYSE SNDR opened at $29.26 on Wednesday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 47.19, a PEG ratio of 3.24 and a beta of 0.93. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.90. The stock has a 50-day moving average price of $30.63 and a two-hundred day moving average price of $28.14.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. As a group, analysts forecast that Schneider National will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is 61.29%.

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.