The stock of Schneider National Inc. (NYSE:SNDR) last traded at $28.50, down -2.43% from the previous session.
SNDR stock price is now 7.33% away from the 50-day moving average and 18.41% away from the 200-day moving average. The market capitalization of the company currently stands at $5.00B.
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With the price target enhanced from $23 to $29, BofA Securities Upgraded its rating from Underperform to Buy for Schneider National Inc. (NYSE: SNDR). On January 09, 2023, Susquehanna Downgraded its previous ‘Positive’ rating to ‘Neutral’ on the stock reducing its target price from $28 to quote $27, while ‘The Benchmark Company’ rates the stock as ‘Buy’.
In other news, Reich Robert M JR, EVP, Chief Admin Officer sold 6,000 shares of the company’s stock on Feb 06. The stock was sold for $177,840 at an average price of $29.64. Upon completion of the transaction, the EVP, Chief Admin Officer now directly owns 93,645 shares in the company, valued at $2.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Chief Innov. & Tech. Officer Devgun Shaleen sold 10,000 shares of the business’s stock. A total of $270,000 was realized by selling the stock at an average price of $27.00. This leaves the insider owning 124,497 shares of the company worth $3.55 million. Insiders disposed of 95,254 shares of company stock worth roughly $2.71 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SNDR stock. A new stake in Schneider National Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $28,783,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC invested $7,297,000 in shares of SNDR during the first quarter. In the first quarter, NATIONAL BANK OF CANADA /FI/ acquired a new stake in Schneider National Inc. valued at approximately $3,891,000. CI PRIVATE WEALTH, LLC acquired a new stake in SNDR for approximately $2,413,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in SNDR valued at around $1,642,000 in the second quarter. In total, there are 364 active investors with 53.90% ownership of the company’s stock.
With an opening price of $29.26 on Monday morning, Schneider National Inc. (NYSE: SNDR) set off the trading day. During the past 12 months, Schneider National Inc. has had a low of $20.26 and a high of $30.93. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 2.10, and a quick ratio of 2.00. The fifty day moving average price for SNDR is $26.55 and a two-hundred day moving average price translates $24.07 for the stock.
The latest earnings results from Schneider National Inc. (NYSE: SNDR) was released for Dec, 2022. According to the Trucking Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.6 by 0.04. This compares to $0.75 EPS in the same period last year. The net profit margin was 6.90% and return on equity was 17.10% for SNDR. The company reported revenue of $1.56 billion for the quarter, compared to $1.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.83 percent. For the current quarter, analysts expect SNDR to generate $1.53B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/10/2023. Investors who held shares on 03/10/2023 were paid a $0.09 dividend. On an annualized basis, this represents a $0.36 dividend and a 1.26% percent yield. There was an ex-dividend date of 03/09/2023 for this dividend. In terms of dividend payout ratio, SNDR is presently at 12.40%.
Schneider National Inc.(SNDR) Company Profile
Schneider National, Inc., together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads. The Intermodal segment provides door-to-door container on flat car services, including rail and dray transportation through company-owned containers, chassis, and trucks. The Logistics segment offers freight brokerage, supply chain, and import/export services; value-added services to manage and move its customers’ freight; and transloading and warehousing services. It also leases equipment, such as trucks to owner-operators; and provides insurance for the company drivers and owner-operators. Schneider National, Inc. was founded in 1935 and is headquartered in Green Bay, Wisconsin.
