Susquehanna Boosts Schneider National (NYSE:SNDR) Price Target to $34.00

Schneider National (NYSE:SNDR) had its price target upped by Susquehanna from $28.00 to $34.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price objective indicates a potential upside of 12.92% from the company’s current price.

A number of other brokerages have also recently weighed in on SNDR. TD Cowen reduced their price target on shares of Schneider National from $31.00 to $30.00 and set a “buy” 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. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Raymond James Financial reissued a “market perform” rating on shares of Schneider National in a research report on Monday. Finally, Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price target for the company in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.21.

Schneider National Price Performance

Shares of SNDR opened at $30.11 on Wednesday. Schneider National has a 1-year low of $20.11 and a 1-year high of $30.98. The stock has a market cap of $5.28 billion, a PE ratio of 51.03, a price-to-earnings-growth ratio of 0.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95. The firm has a fifty day moving average price of $27.06 and a 200 day moving average price of $26.05.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share 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 company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.20 earnings per share. Schneider National’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Schneider National will post 0.86 EPS for the current year.

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

Insider Transactions at Schneider National

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction dated 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 23.64% of the company’s stock.

Institutional Trading of Schneider National

Several large investors have recently modified their holdings of the business. SJS Investment Consulting Inc. grew its position in shares of Schneider National by 695.0% in the first quarter. SJS Investment Consulting Inc. now owns 2,059 shares of the company’s stock valued at $54,000 after purchasing an additional 1,800 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Schneider National by 4.0% in the first quarter. Aaron Wealth Advisors LLC now owns 25,948 shares of the company’s stock valued at $684,000 after purchasing an additional 988 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Schneider National in the first quarter valued at approximately $583,000. Ritholtz Wealth Management acquired a new stake in shares of Schneider National in the first quarter valued at approximately $265,000. Finally, Corient Private Wealth LLC boosted its position in Schneider National by 31.2% during the fourth quarter. Corient Private Wealth LLC now owns 70,406 shares of the company’s stock worth $1,868,000 after acquiring an additional 16,742 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.