Schneider National (NYSE:SNDR) Upgraded at Zacks Research

Zacks Research upgraded shares of Schneider National (NYSE:SNDR) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 target price for the company in a research report on Monday, March 9th. Wells Fargo & Company decreased their target price on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a research report on Friday, March 27th. Benchmark reissued a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Finally, Susquehanna increased their target price on shares of Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.43.

Schneider National Price Performance

NYSE SNDR opened at $28.51 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The firm’s 50 day moving average price is $27.13 and its 200-day moving average price is $25.51. 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 $5.00 billion, a PE ratio of 48.31, a P/E/G ratio of 0.80 and a beta of 1.05.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business posted $0.20 earnings per share. Schneider National’s revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts forecast that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, March 13th. Schneider National’s dividend payout ratio is 67.80%.

Schneider National declared that its board has initiated a share buyback program on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 32.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SNDR. Caitong International Asset Management Co. Ltd raised its holdings in shares of Schneider National by 2,425.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock worth $36,000 after buying an additional 1,625 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Schneider National in the fourth quarter worth $47,000. Farther Finance Advisors LLC raised its holdings in shares of Schneider National by 155.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock worth $48,000 after buying an additional 1,110 shares during the last quarter. Quarry LP raised its holdings in shares of Schneider National by 36.7% in the third quarter. Quarry LP now owns 3,404 shares of the company’s stock worth $72,000 after buying an additional 913 shares during the last quarter. Finally, Hills Bank & Trust Co purchased a new position in shares of Schneider National in the fourth quarter worth $105,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Company Profile

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.