Schneider National (NYSE:SNDR) Sets New 1-Year High at $29.01

Schneider National, Inc. (NYSE:SNDR - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $29.01 and last traded at $28.96, with a volume of 35783 shares traded. The stock had previously closed at $28.35.

Analyst Ratings Changes

A number of equities analysts recently commented on SNDR shares. Benchmark lifted their target price on shares of Schneider National from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Susquehanna lifted their target price on shares of Schneider National from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday. Stifel Nicolaus cut shares of Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price objective on the stock. in a research report on Thursday, August 8th. Wells Fargo & Company assumed coverage on shares of Schneider National in a research report on Friday, June 7th. They issued an "equal weight" rating and a $23.00 price objective on the stock. Finally, Bank of America cut shares of Schneider National from a "neutral" rating to an "underperform" rating and set a $23.00 price objective on the stock. in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Schneider National presently has a consensus rating of "Hold" and a consensus price target of $27.31.

Schneider National Price Performance

The business's 50 day moving average price is $27.16 and its two-hundred day moving average price is $24.11. The stock has a market cap of $5.01 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.61 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. As a group, sell-side analysts expect that Schneider National, Inc. will post 0.85 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, September 13th. Schneider National's payout ratio is currently 43.18%.

Insider Buying and Selling

In related news, insider Shaleen Devgun sold 10,000 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the sale, the insider now owns 55,726 shares of the company's stock, valued at $1,538,037.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Schneider National

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Schneider National in the fourth quarter worth approximately $11,027,000. Hsbc Holdings PLC lifted its stake in shares of Schneider National by 24.7% in the fourth quarter. Hsbc Holdings PLC now owns 76,738 shares of the company's stock worth $1,958,000 after buying an additional 15,197 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Schneider National by 68.3% in the fourth quarter. Treasurer of the State of North Carolina now owns 40,482 shares of the company's stock worth $1,030,000 after buying an additional 16,432 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Schneider National by 78,622.2% in the fourth quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company's stock worth $180,000 after buying an additional 7,076 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Schneider National in the fourth quarter worth approximately $595,000. Institutional investors own 28.54% of the company's stock.

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.