Schneider National (NYSE:SNDR) Reaches New 1-Year High – Still a Buy?

06 Nov 2024, 15:19 by Amy Steele · The Cerbat Gem

Schneider National, Inc. (NYSE:SNDR – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $30.56 and last traded at $29.99, with a volume of 33527 shares. The stock had previously closed at $29.08.

Wall Street Analyst Weigh In

SNDR has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Susquehanna lifted their price objective on Schneider National from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Citigroup began coverage on Schneider National in a research report on Wednesday, October 9th. They set a “neutral” rating and a $29.00 price target on the stock. Benchmark lifted their price objective on Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Robert W. Baird increased their target price on Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Schneider National has an average rating of “Hold” and an average target price of $27.08.

Check Out Our Latest Stock Report on Schneider National

Schneider National Stock Performance

The firm has a market cap of $5.35 billion, a P/E ratio of 45.88, a P/E/G ratio of 2.90 and a beta of 0.85. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $27.75 and a 200-day simple moving average of $25.19.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s dividend payout ratio is presently 58.46%.

Institutional Investors Weigh In On Schneider National

Several large investors have recently added to or reduced their stakes in SNDR. Vanguard Group Inc. raised its position in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after acquiring an additional 388,913 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Schneider National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after acquiring an additional 228,661 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Schneider National by 1.1% during the second quarter. Thrivent Financial for Lutherans now owns 2,865,726 shares of the company’s stock worth $69,236,000 after acquiring an additional 30,113 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after purchasing an additional 440,545 shares during the period. Finally, American Century Companies Inc. raised its holdings in Schneider National by 10.9% in the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock valued at $46,053,000 after buying an additional 186,857 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

About Schneider National

(Get Free Report)