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

Shares of Schneider National, Inc. (NYSE:SNDR) have been assigned an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $28.4286.

SNDR has been the topic of several research analyst reports. UBS Group restated a “neutral” rating on shares of Schneider National in a research note on Friday, January 30th. Benchmark restated a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Susquehanna raised their target price on shares of Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. TD Cowen decreased their target price on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Evercore increased their price target on Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a report on Tuesday, January 13th.

Schneider National Trading Up 0.8%

Shares of NYSE SNDR opened at $29.01 on Friday. The firm’s 50 day moving average price is $28.48 and its 200-day moving average price is $25.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.93 and a current ratio of 2.23. Schneider National has a 52-week low of $20.11 and a 52-week high of $30.98. The company has a market cap of $5.09 billion, a PE ratio of 49.17, a P/E/G ratio of 0.94 and a beta of 1.08.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business posted $0.20 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts expect that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be issued a $0.10 dividend. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. Schneider National’s dividend payout ratio is currently 64.41%.

Schneider National declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 28th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Schneider National

Several institutional investors have recently made changes to their positions in the business. Amalgamated Bank boosted its holdings in shares of Schneider National by 3.2% in the third quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock valued at $312,000 after purchasing an additional 462 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Schneider National by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,009 shares of the company’s stock valued at $319,000 after purchasing an additional 674 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of Schneider National by 7.2% in the 4th quarter. Baker Avenue Asset Management LP now owns 11,409 shares of the company’s stock worth $303,000 after buying an additional 764 shares during the period. Teza Capital Management LLC lifted its holdings in shares of Schneider National by 6.2% in the 2nd quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock worth $331,000 after buying an additional 802 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Schneider National by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,068 shares of the company’s stock worth $291,000 after buying an additional 821 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.