Schneider National (NYSE:SNDR) Given New $22.00 Price Target at Evercore ISI

Schneider National (NYSE:SNDR) had its price objective lowered by Evercore ISI from $24.00 to $22.00 in a report released on Tuesday,Benzinga reports. The firm currently has an in-line rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Erste Group Bank upgraded Schneider National from a “hold” rating to a “buy” rating in a report on Thursday, September 11th. Susquehanna reduced their target price on Schneider National from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Citigroup increased their price objective on Schneider National from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Robert W. Baird assumed coverage on Schneider National in a research note on Tuesday, July 1st. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Baird R W upgraded Schneider National to a “strong-buy” rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and an average target price of $27.14.

Schneider National Price Performance

NYSE SNDR opened at $21.19 on Tuesday. Schneider National has a one year low of $20.59 and a one year high of $33.90. The stock has a 50-day moving average of $24.11 and a 200 day moving average of $23.80. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 0.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.91.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the company earned $0.21 EPS. Schneider National’s revenue for the quarter was up 7.9% on a year-over-year basis. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. On average, sell-side analysts forecast that Schneider National will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 12th. Schneider National’s payout ratio is 54.29%.

Insider Transactions at Schneider National

In other news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $24.36, for a total transaction of $891,478.56. Following the sale, the executive vice president owned 72,870 shares in the company, valued at approximately $1,775,113.20. The trade was a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Schneider National

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Schneider National by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,616,682 shares of the company’s stock worth $105,489,000 after purchasing an additional 206,582 shares during the period. First Trust Advisors LP lifted its stake in Schneider National by 10.7% in the 2nd quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock valued at $95,700,000 after buying an additional 381,898 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Schneider National by 14.8% during the second quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock worth $72,238,000 after purchasing an additional 386,340 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Schneider National by 3.3% during the first quarter. Earnest Partners LLC now owns 2,206,990 shares of the company’s stock worth $50,430,000 after purchasing an additional 70,476 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Schneider National in the 2nd quarter worth $26,393,000. Institutional investors and hedge funds 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.