Schneider National, Inc. (NYSE:SNDR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Schneider National, Inc. (NYSE:SNDR) have earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $26.50.

A number of research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stephens reaffirmed an “equal weight” rating and set a $30.00 target price (down previously from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. UBS Group dropped their price objective on Schneider National from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, National Bankshares set a $25.00 price target on shares of Schneider National in a research report on Friday, March 28th.

Schneider National Stock Down 1.4%

Shares of SNDR opened at $24.22 on Wednesday. Schneider National has a 1 year low of $20.59 and a 1 year high of $33.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The stock has a 50 day simple moving average of $22.84 and a two-hundred day simple moving average of $27.08. The firm has a market cap of $4.24 billion, a P/E ratio of 37.26, a P/E/G ratio of 0.54 and a beta of 1.11.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts forecast that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, June 13th. Schneider National’s dividend payout ratio is 54.29%.

Institutional Investors Weigh In On Schneider National

Several hedge funds have recently made changes to their positions in SNDR. Allspring Global Investments Holdings LLC boosted its position in Schneider National by 780.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock valued at $372,000 after purchasing an additional 11,312 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Schneider National in the fourth quarter valued at $5,349,000. Proficio Capital Partners LLC acquired a new position in Schneider National in the fourth quarter worth about $997,000. KLP Kapitalforvaltning AS bought a new position in Schneider National during the 4th quarter valued at about $349,000. Finally, QRG Capital Management Inc. grew its holdings in Schneider National by 9.0% during the 4th quarter. QRG Capital Management Inc. now owns 138,027 shares of the company’s stock worth $4,041,000 after acquiring an additional 11,392 shares during the last quarter. 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.