Schneider National (NYSE:SNDR) Reaches New 12-Month High Following Dividend Announcement

Shares of Schneider National, Inc. (NYSE:SNDR) hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $29.18 and last traded at $28.85, with a volume of 55100 shares changing hands. The stock had previously closed at $28.43.

The newly announced dividend which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.34%. Schneider National’s dividend payout ratio is currently 58.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SNDR. Benchmark upped their target price on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Evercore ISI dropped their target price on shares of Schneider National from $28.00 to $27.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird lifted their target price on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Bank of America cut 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 research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Schneider National currently has an average rating of “Hold” and an average target price of $27.08.

Schneider National Trading Down 0.8 %

The stock’s 50 day moving average is $27.64 and its 200-day moving average is $24.98. The company has a market cap of $4.95 billion, a P/E ratio of 43.49, a PEG ratio of 2.89 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) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. Research analysts anticipate that Schneider National, Inc. will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SNDR. The Manufacturers Life Insurance Company raised 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 valued at $342,000 after purchasing an additional 493 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Schneider National by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock valued at $451,000 after buying an additional 618 shares during the period. Hilltop National Bank boosted its stake in shares of Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after buying an additional 676 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Schneider National by 1.7% in the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock worth $1,265,000 after acquiring an additional 958 shares during the period. Finally, Comerica Bank increased its position in Schneider National by 11.8% during the first quarter. Comerica Bank now owns 12,283 shares of the company’s stock valued at $278,000 after acquiring an additional 1,297 shares during the last quarter. Hedge funds and other 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.