Schneider National (NYSE:SNDR) Upgraded to Neutral at Citigroup

Citigroup upgraded shares of Schneider National (NYSE:SNDR) from a sell rating to a neutral rating in a report released on Monday, Marketbeat reports. Citigroup currently has $27.00 price target on the stock.

Several other analysts have also issued reports on the stock. Raymond James Financial upgraded shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research report on Wednesday, December 3rd. Wells Fargo & Company reduced their price target 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. Bank of America raised shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Friday, January 9th. National Bank Financial set a $27.00 price objective on Schneider National in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus target price of $28.43.

Schneider National Trading Up 0.6%

Shares of SNDR stock opened at $25.81 on Monday. Schneider National has a 1-year low of $20.11 and a 1-year high of $30.98. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 43.74, a PEG ratio of 0.84 and a beta of 1.06. 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 stock has a 50 day simple moving average of $28.60 and a 200-day simple moving average of $25.33.

Schneider National (NYSE:SNDR) last released its quarterly earnings results 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). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. Schneider National’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. 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 paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.6%. This is a boost from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 13th. Schneider National’s payout ratio is presently 64.41%.

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

Insiders Place Their Bets

In other news, CFO Darrell George Campbell sold 6,000 shares of the 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 completion of the sale, the chief financial officer owned 66,275 shares of the company’s stock, valued at $1,914,684.75. This represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 23.43% of the stock is owned by insiders.

Institutional Trading of Schneider National

Several institutional investors have recently made changes to their positions in SNDR. Corient Private Wealth LLC lifted its holdings in Schneider National by 31.2% in the fourth quarter. Corient Private Wealth LLC now owns 70,406 shares of the company’s stock valued at $1,868,000 after acquiring an additional 16,742 shares during the last quarter. Coastline Complete Wealth LLC purchased a new position in Schneider National in the fourth quarter worth approximately $275,000. Kera Capital Partners Inc. increased its stake in Schneider National by 18.5% during the fourth quarter. Kera Capital Partners Inc. now owns 17,332 shares of the company’s stock worth $465,000 after acquiring an additional 2,711 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Schneider National by 10.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 121,133 shares of the company’s stock worth $3,214,000 after acquiring an additional 11,735 shares during the last quarter. Finally, VARCOV Co. purchased a new stake in Schneider National in the fourth quarter valued at $584,000. Hedge funds and other 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.