Schneider National (NYSE:SNDR) Receives Market Perform Rating from Raymond James Financial

Raymond James Financial reaffirmed their market perform rating on shares of Schneider National (NYSE:SNDR) in a report released on Monday morning, Marketbeat Ratings reports.

Several other brokerages have also commented on SNDR. Bank of America raised shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Friday, January 9th. Wells Fargo & Company lowered their price objective on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 30th. National Bank Financial set a $27.00 price objective on shares of Schneider National in a research report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating on shares of Schneider National in a research report on Friday, January 30th. Finally, Benchmark reaffirmed a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Schneider National has a consensus rating of “Hold” and a consensus target price of $28.93.

Schneider National Stock Performance

Shares of SNDR stock opened at $30.00 on Monday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 50.84, a P/E/G ratio of 0.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. Schneider National has a 52 week low of $20.11 and a 52 week high of $30.98. The firm’s 50-day simple moving average is $27.02 and its two-hundred day simple moving average is $25.94.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. As a group, equities analysts forecast that Schneider National will post 0.84 earnings per share for the current year.

Schneider National announced that its board has initiated a stock repurchase plan on Wednesday, January 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Schneider National Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. This is an increase from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 13th. Schneider National’s payout ratio is presently 67.80%.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 66,275 shares of the company’s stock, valued at $1,914,684.75. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.64% of the stock is currently owned by company insiders.

Institutional Trading of Schneider National

Several hedge funds and other institutional investors have recently modified their holdings of SNDR. Caitong International Asset Management Co. Ltd raised its position 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 valued at $36,000 after purchasing an additional 1,625 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Schneider National in the fourth quarter valued at approximately $47,000. Farther Finance Advisors LLC raised its position 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 valued at $48,000 after purchasing an additional 1,110 shares during the period. Quarry LP raised its position in shares of Schneider National by 36.7% in the third quarter. Quarry LP now owns 3,404 shares of the company’s stock valued at $72,000 after purchasing an additional 913 shares during the period. Finally, Hills Bank & Trust Co bought a new stake in Schneider National during the 4th quarter worth approximately $105,000. 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.