Schneider National (NYSE:SNDR) Raised to Hold at Zacks Research

Schneider National (NYSE:SNDR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms also recently commented on SNDR. National Bank Financial set a $27.00 price objective on shares of Schneider National in a report on Friday, February 6th. Susquehanna raised their price objective on shares of Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a report on Friday, March 27th. TD Cowen cut their price target on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.43.

Schneider National Stock Performance

SNDR traded up $1.35 on Monday, hitting $28.79. The company’s stock had a trading volume of 82,826 shares, compared to its average volume of 957,241. The company’s 50 day simple moving average is $27.17 and its 200-day simple moving average is $25.49. The firm has a market cap of $5.05 billion, a P/E ratio of 48.87, a price-to-earnings-growth ratio of 0.80 and a beta of 1.05. 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.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. Analysts forecast that Schneider National will post 1.12 EPS for the current year.

Schneider National announced that its board has authorized a stock repurchase program 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 programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were 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 $1,914,684.75. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.64% of the stock is owned by corporate insiders.

Institutional Trading of Schneider National

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its position in shares of Schneider National by 2,425.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after acquiring an additional 1,625 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Schneider National in the fourth quarter valued at about $47,000. Farther Finance Advisors LLC increased its position in shares of Schneider National by 155.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock valued at $48,000 after acquiring an additional 1,110 shares during the period. Quarry LP increased its position in shares of Schneider National by 36.7% in the third quarter. Quarry LP now owns 3,404 shares of the company’s stock valued at $72,000 after acquiring an additional 913 shares during the period. Finally, Hills Bank & Trust Co purchased a new position in shares of Schneider National in the fourth quarter valued at about $105,000. 28.54% of the stock is owned by institutional investors.

About Schneider National

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.