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

Schneider National, Inc. (NYSE:SNDR - Get Free Report) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 3,690,000 shares, a decrease of 30.9% from the December 15th total of 5,340,000 shares. Based on an average daily trading volume, of 697,400 shares, the days-to-cover ratio is presently 5.3 days. Currently, 7.3% of the company's stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Benchmark increased their price objective on Schneider National from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. TD Cowen increased their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Evercore ISI reduced their price objective on shares of Schneider National from $27.00 to $26.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. Susquehanna lowered their target price on shares of Schneider National from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Finally, Stifel Nicolaus raised their target price on Schneider National from $27.00 to $28.00 and gave the company a "hold" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Schneider National has a consensus rating of "Hold" and a consensus target price of $29.15.

Schneider National Stock Performance

Shares of NYSE SNDR traded up $1.13 during trading hours on Wednesday, hitting $30.44. 692,641 shares of the company's stock were exchanged, compared to its average volume of 677,460. The company's 50-day moving average price is $30.64 and its 200-day moving average price is $28.18. Schneider National has a 1-year low of $20.50 and a 1-year high of $33.90. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 49.10, a PEG ratio of 3.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 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 business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. On average, sell-side analysts expect that Schneider National 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. Shareholders of record on Friday, December 13th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Friday, December 13th. Schneider National's dividend payout ratio (DPR) is presently 61.29%.

Insiders Place Their Bets

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total value of $198,062.50. Following the transaction, the chief accounting officer now owns 155,366 shares in the company, valued at $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shaleen Devgun sold 10,000 shares of the company's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the transaction, the insider now directly owns 95,191 shares in the company, valued at approximately $2,764,346.64. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock worth $2,153,011 in the last quarter. 32.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers grew its position in Schneider National by 35.5% during the second quarter. Rhumbline Advisers now owns 155,656 shares of the company's stock worth $3,761,000 after buying an additional 40,813 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Schneider National by 11.0% during the 2nd quarter. Victory Capital Management Inc. now owns 69,023 shares of the company's stock worth $1,668,000 after purchasing an additional 6,862 shares in the last quarter. American Century Companies Inc. increased its position in shares of Schneider National by 10.9% during the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company's stock valued at $46,053,000 after purchasing an additional 186,857 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Schneider National by 57.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 113,517 shares of the company's stock valued at $2,743,000 after purchasing an additional 41,254 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Schneider National by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 565,407 shares of the company's stock worth $13,660,000 after purchasing an additional 69,197 shares during the period. 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.