Schneider National, Inc. (NYSE:SNDR) Short Interest Down 30.9% in December

Schneider National, Inc. (NYSE:SNDR) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,690,000 shares, a drop 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 short-interest ratio is presently 5.3 days. Currently, 7.3% of the company’s shares are sold short.

Analyst Ratings Changes

A number of analysts recently weighed in on SNDR shares. TD Cowen increased their price target on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their price target on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group lowered their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. 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. Finally, Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and a consensus target price of $29.08.

Insider Buying and Selling at Schneider National

In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total transaction of $198,062.50. Following the completion of the sale, the chief accounting officer now directly owns 155,366 shares of the company’s stock, valued at $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 266,887 shares in the company, valued at approximately $8,833,959.70. The trade was a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,555 shares of company stock worth $2,153,011. Insiders own 32.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SNDR. GAMMA Investing LLC grew its stake in shares of Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after buying an additional 450 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Schneider National by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock valued at $342,000 after acquiring an additional 493 shares during the period. Susquehanna Fundamental Investments LLC grew its position in shares of Schneider National by 1.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock valued at $1,847,000 after acquiring an additional 1,341 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Schneider National by 1.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company’s stock worth $3,280,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Schneider National by 11.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the company’s stock valued at $417,000 after purchasing an additional 1,465 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Price Performance

Shares of SNDR opened at $29.26 on Wednesday. The company has a 50 day moving average of $30.63 and a 200-day moving average of $28.14. 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 stock has a market capitalization of $5.13 billion, a P/E ratio of 47.19, a P/E/G ratio of 3.24 and a beta of 0.93. Schneider National has a twelve month low of $20.50 and a twelve month high of $33.90.

Schneider National (NYSE:SNDR) last issued 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 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 the consensus estimate of $1.33 billion. As a group, equities research analysts forecast that Schneider National will post 0.7 EPS 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 given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.38 annualized dividend and a yield of 1.30%. Schneider National’s dividend payout ratio (DPR) is presently 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.