Schneider National (NYSE:SNDR) Downgraded by Stifel Nicolaus to “Hold”

Stifel Nicolaus lowered shares of Schneider National (NYSE:SNDR) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have $26.00 price objective on the stock, down from their previous price objective of $32.00.

Several other research analysts have also weighed in on SNDR. Bank of America raised Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, January 9th. Zacks Research lowered Schneider National from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Evercore ISI increased their target price on shares of Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, January 13th. Citigroup reduced their price target on shares of Schneider National from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Benchmark reissued a “buy” rating on shares of Schneider National in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Schneider National currently has an average rating of “Hold” and a consensus target price of $28.71.

Schneider National Stock Up 2.7%

Shares of NYSE:SNDR opened at $29.35 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.93 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 49.75, a PEG ratio of 0.86 and a beta of 1.08. The stock’s 50-day moving average price is $27.39 and its two-hundred day moving average price is $24.72. Schneider National has a 12-month low of $20.11 and a 12-month high of $30.98.

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

Schneider National announced that its board has authorized a stock buyback program on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Schneider National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be 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 yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. Schneider National’s dividend payout ratio (DPR) is currently 64.41%.

Hedge Funds Weigh In On Schneider National

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Schneider National by 2,425.4% during 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 last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Schneider National during the 2nd quarter valued at about $37,000. Farther Finance Advisors LLC grew its position in shares of Schneider National by 155.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock valued at $48,000 after buying an additional 1,110 shares during the last quarter. KBC Group NV raised its stake in Schneider National by 86.3% during the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock worth $55,000 after acquiring an additional 1,061 shares during the period. Finally, Quarry LP lifted its holdings in 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 acquiring an additional 913 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

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.