Schneider National (NYSE:SNDR) had its price objective decreased by Buckingham Research from $35.00 to $32.00 in a research note issued to investors on Friday. Buckingham Research currently has a buy rating on the stock.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Schneider National from a buy rating to a hold rating in a report on Thursday, August 16th. Bank of America downgraded shares of Schneider National from a buy rating to an underperform rating and reduced their price target for the company from $35.00 to $27.00 in a report on Thursday, August 9th. Morgan Stanley increased their price target on shares of Schneider National from $36.00 to $37.00 and gave the company an overweight rating in a report on Friday, August 3rd. Wolfe Research downgraded shares of Schneider National from a peer perform rating to an underperform rating in a report on Friday, October 5th. Finally, Stifel Nicolaus increased their price target on shares of Schneider National from $29.00 to $31.00 and gave the company a hold rating in a report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $31.13.
NYSE:SNDR traded down $0.39 during midday trading on Friday, reaching $21.61. The stock had a trading volume of 1,502,284 shares, compared to its average volume of 723,573. Schneider National has a 1-year low of $21.54 and a 1-year high of $30.52. The company has a current ratio of 2.41, a quick ratio of 2.27 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.42 billion, a PE ratio of 22.99, a PEG ratio of 1.26 and a beta of 0.98.
Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Schneider National had a net margin of 9.28% and a return on equity of 11.61%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $0.23 EPS. The business’s revenue was up 15.0% on a year-over-year basis. As a group, analysts anticipate that Schneider National will post 1.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 8th. Shareholders of record on Friday, September 14th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, September 13th. Schneider National’s dividend payout ratio (DPR) is presently 25.53%.
In other Schneider National news, Director James R. Giertz acquired 4,000 shares of Schneider National stock in a transaction dated Tuesday, August 28th. The stock was bought at an average cost of $26.92 per share, with a total value of $107,680.00. Following the acquisition, the director now owns 12,237 shares of the company’s stock, valued at $329,420.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Matheys sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $26.71, for a total transaction of $801,300.00. Following the transaction, the insider now directly owns 778,897 shares of the company’s stock, valued at $20,804,338.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,000 shares of company stock valued at $2,434,800. Insiders own 43.46% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in shares of Schneider National during the 3rd quarter worth about $126,000. Signet Financial Management LLC bought a new position in shares of Schneider National during the 2nd quarter worth about $135,000. BlueMountain Capital Management LLC bought a new position in shares of Schneider National during the 2nd quarter worth about $135,000. Convergence Investment Partners LLC bought a new position in shares of Schneider National during the 2nd quarter worth about $213,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Schneider National during the 2nd quarter worth about $214,000. 24.08% of the stock is owned by institutional investors.
About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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