Schneider National, Inc. (NYSE:SNDR) Receives $28.43 Average Target Price from Brokerages

Schneider National, Inc. (NYSE:SNDR) has been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.9286.

Several equities analysts have commented on SNDR shares. Citigroup upgraded Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price target on the stock in a report on Monday, March 9th. Susquehanna increased their price target on Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Morgan Stanley increased their price target on Schneider National from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company reduced their price objective on Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 30th. Finally, UBS Group reissued a “neutral” rating on shares of Schneider National in a research report on Friday, January 30th.

Schneider National Trading Up 3.1%

Shares of SNDR stock opened at $29.60 on Friday. Schneider National has a 12 month low of $20.11 and a 12 month high of $30.98. The company has a quick ratio of 1.95, a current ratio of 2.13 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $27.01 and its two-hundred day moving average is $25.81. The company has a market cap of $5.19 billion, a PE ratio of 50.16, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.20 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts predict that Schneider National will post 1.12 EPS for the current year.

Schneider National announced that its board has authorized a stock repurchase plan on Wednesday, January 28th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Schneider National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th were given a $0.10 dividend. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, March 13th. Schneider National’s dividend payout ratio (DPR) is currently 67.80%.

Insider Buying and Selling at Schneider National

In other news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the sale, the chief financial officer directly owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.64% of the company’s stock.

Institutional Investors Weigh In On Schneider National

Several hedge funds have recently modified their holdings of SNDR. Amalgamated Bank lifted its position in Schneider National by 3.2% in the third quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock worth $312,000 after purchasing an additional 462 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Schneider National by 5.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,009 shares of the company’s stock worth $319,000 after purchasing an additional 674 shares during the period. Baker Avenue Asset Management LP lifted its position in Schneider National by 7.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 11,409 shares of the company’s stock worth $303,000 after purchasing an additional 764 shares during the period. Teza Capital Management LLC lifted its position in Schneider National by 6.2% in the second quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock worth $331,000 after purchasing an additional 802 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Schneider National by 0.5% in the second quarter. Raymond James Financial Inc. now owns 183,179 shares of the company’s stock worth $4,424,000 after purchasing an additional 835 shares during the period. 28.54% of the stock is owned by institutional investors.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.