Schneider National, Inc. (SNDR) Sees Significant Growth in Short Interest
Schneider National, Inc. (NYSE:SNDR) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,845,851 shares, a growth of 83.7% from the October 13th total of 2,093,159 shares. Based on an average trading volume of 650,703 shares, the short-interest ratio is presently 5.9 days. Approximately 8.2% of the shares of the company are sold short.
In other news, EVP Paul J. Kardish sold 85,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $25.12, for a total transaction of $2,135,200.00. Following the completion of the sale, the executive vice president now owns 222,432 shares of the company’s stock, valued at approximately $5,587,491.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher B. Lofgren sold 600,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $14,520,000.00. Following the sale, the chief executive officer now directly owns 1,597,420 shares of the company’s stock, valued at approximately $38,657,564. The disclosure for this sale can be found here. Insiders have sold a total of 1,258,500 shares of company stock worth $30,533,900 in the last 90 days.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in Schneider National in the 2nd quarter worth approximately $67,293,000. Associated Banc Corp purchased a new stake in Schneider National in the 2nd quarter worth approximately $56,314,000. Schmidt P J Investment Management Inc. purchased a new stake in Schneider National in the 2nd quarter worth approximately $37,752,000. Jennison Associates LLC increased its holdings in Schneider National by 6.0% in the 3rd quarter. Jennison Associates LLC now owns 1,554,066 shares of the company’s stock worth $39,318,000 after acquiring an additional 88,411 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Schneider National in the 2nd quarter worth approximately $32,099,000. 22.88% of the stock is owned by institutional investors.
SNDR has been the subject of several research reports. Zacks Investment Research raised shares of Schneider National from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub raised shares of Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. UBS AG reaffirmed a “buy” rating and set a $30.00 price target (up previously from $24.00) on shares of Schneider National in a research report on Friday, September 29th. Robert W. Baird reaffirmed a “buy” rating and set a $28.00 price target on shares of Schneider National in a research report on Friday, October 6th. Finally, KeyCorp initiated coverage on shares of Schneider National in a research report on Tuesday, October 10th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $25.11.
Shares of Schneider National (NYSE SNDR) opened at $23.99 on Friday. Schneider National has a fifty-two week low of $17.69 and a fifty-two week high of $28.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 1.93.
Schneider National (NYSE:SNDR) last released its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. equities research analysts forecast that Schneider National will post 0.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, December 14th. Schneider National’s dividend payout ratio is 22.73%.
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About Schneider National
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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