Schneider National’s (SNDR) Equal Weight Rating Reiterated at Stephens

Stephens reissued their equal weight rating on shares of Schneider National (NYSE:SNDR) in a report published on Monday morning,Benzinga reports. They currently have a $30.00 target price on the stock, down from their prior target price of $32.00.

A number of other brokerages have also commented on SNDR. Evercore ISI decreased their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group cut their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Susquehanna increased their target price on shares of Schneider National from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, January 31st. TD Cowen boosted their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Benchmark increased their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Schneider National presently has an average rating of “Hold” and a consensus target price of $30.85.

Schneider National Stock Performance

Shares of Schneider National stock opened at $29.69 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. Schneider National has a one year low of $20.50 and a one year high of $33.90. The business has a 50-day simple moving average of $30.14 and a 200 day simple moving average of $28.79. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 1.92 and a beta of 0.93.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the previous year, the company posted $0.16 EPS. On average, research analysts anticipate that Schneider National will post 1.13 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, March 14th. Schneider National’s dividend payout ratio (DPR) is presently 58.46%.

Insider Activity at Schneider National

In other news, EVP Thomas G. Jackson sold 18,248 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares in the company, valued at $2,200,014.82. The trade was a 21.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares in the company, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,555 shares of company stock worth $2,153,011. Corporate insiders own 18.83% of the company’s stock.

Hedge Funds Weigh In On Schneider National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new stake in shares of Schneider National during the 3rd quarter valued at about $6,327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Schneider National by 15.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock valued at $3,724,000 after purchasing an additional 17,573 shares during the last quarter. Geode Capital Management LLC grew its stake in Schneider National by 18.4% in the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after buying an additional 115,814 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Schneider National in the 3rd quarter worth approximately $9,157,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Schneider National in the 3rd quarter worth $648,000. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.