Schneider National (NYSE:SNDR) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their buy rating on shares of Schneider National (NYSE:SNDR) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $27.00 price objective on the stock.

A number of other brokerages also recently issued reports on SNDR. Bank of America cut their target price on Schneider National from $25.00 to $23.00 and set a neutral rating for the company in a research note on Monday, April 15th. TD Cowen reduced their target price on shares of Schneider National from $26.00 to $25.00 and set a buy rating on the stock in a research note on Friday. Stephens restated an equal weight rating and set a $28.00 price target on shares of Schneider National in a report on Monday, February 5th. Susquehanna decreased their price objective on Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a report on Monday, March 25th. Finally, Evercore ISI cut Schneider National from an outperform rating to an inline rating and set a $25.00 target price for the company. in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Schneider National has a consensus rating of Hold and an average price target of $28.00.

Schneider National Stock Performance

SNDR opened at $22.40 on Friday. Schneider National has a twelve month low of $20.50 and a twelve month high of $31.74. The firm has a market capitalization of $3.94 billion, a PE ratio of 25.02, a PEG ratio of 1.47 and a beta of 0.91. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $22.17 and its 200 day moving average price is $23.48.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Schneider National will post 1.09 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.38 dividend on an annualized basis and a yield of 1.70%. Schneider National’s dividend payout ratio (DPR) is presently 43.18%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Winch Advisory Services LLC grew its stake in shares of Schneider National by 61.6% in the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock worth $37,000 after acquiring an additional 503 shares in the last quarter. Truist Financial Corp increased its holdings in Schneider National by 0.5% during the 4th quarter. Truist Financial Corp now owns 112,991 shares of the company’s stock worth $2,876,000 after purchasing an additional 568 shares during the period. Alaska Permanent Fund Corp boosted its stake in shares of Schneider National by 0.5% in the 4th quarter. Alaska Permanent Fund Corp now owns 117,814 shares of the company’s stock valued at $2,998,000 after buying an additional 619 shares during the period. Quent Capital LLC grew its position in shares of Schneider National by 64.0% during the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock worth $46,000 after buying an additional 708 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Schneider National by 1.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 59,139 shares of the company’s stock worth $1,638,000 after buying an additional 713 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

About Schneider National

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.