Schneider National (NYSE:SNDR) Given New $31.00 Price Target at Benchmark

Schneider National (NYSE:SNDR) had its target price lowered by Benchmark from $34.00 to $31.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group lowered their price objective on shares of Schneider National from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Stifel Nicolaus boosted their price target on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Susquehanna cut their price target on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. Stephens reiterated an “equal weight” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Schneider National in a report on Monday, February 3rd. Finally, Citigroup upgraded Schneider National from a “sell” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $23.00 in a report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.14.

Schneider National Stock Performance

NYSE SNDR opened at $22.58 on Monday. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90. The company has a fifty day moving average of $24.78 and a 200-day moving average of $27.98. The company has a market capitalization of $3.96 billion, a P/E ratio of 34.74, a P/E/G ratio of 0.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter last year, the company earned $0.16 earnings per share. As a group, equities research analysts predict that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th were paid a dividend of $0.095 per share. The ex-dividend date was Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.68%. Schneider National’s dividend payout ratio (DPR) is presently 58.46%.

Institutional Trading of Schneider National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after purchasing an additional 450 shares in the last quarter. Truist Financial Corp increased its position in shares of Schneider National by 0.6% during the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company’s stock valued at $2,595,000 after buying an additional 528 shares during the period. SRS Capital Advisors Inc. raised its stake in Schneider National by 74.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock worth $42,000 after buying an additional 612 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Schneider National by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock worth $822,000 after buying an additional 710 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Schneider National by 4.1% in the fourth quarter. Captrust Financial Advisors now owns 22,061 shares of the company’s stock worth $646,000 after buying an additional 867 shares during the period. Hedge funds and other institutional investors own 28.54% of the company’s stock.

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.