Stifel Nicolaus Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective hoisted by Stifel Nicolaus from $28.00 to $31.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also issued reports on the company. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and dropped their target price for the company from $32.00 to $30.00 in a report on Tuesday, November 12th. TD Cowen upped their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Evercore ISI cut their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their price objective on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.38.

Schneider National Stock Down 0.1 %

SNDR stock opened at $29.75 on Thursday. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 47.99, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a fifty day moving average price of $30.48 and a 200 day moving average price of $28.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.90.

Schneider National (NYSE:SNDR) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Sell-side analysts expect that Schneider National will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 13th were paid a $0.095 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. Schneider National’s payout ratio is 61.29%.

Insider Activity

In related news, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now owns 266,887 shares in the company, valued at approximately $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the sale, the executive vice president now owns 66,526 shares in the company, valued at $2,200,014.82. This trade represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock worth $2,153,011 over the last ninety days. 32.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Schneider National

Several institutional investors have recently added to or reduced their stakes in SNDR. Envestnet Asset Management Inc. grew its holdings in Schneider National by 13.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 565,407 shares of the company’s stock valued at $13,660,000 after buying an additional 69,197 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Schneider National during the second quarter worth approximately $248,000. XTX Topco Ltd purchased a new position in Schneider National during the second quarter worth approximately $299,000. Sei Investments Co. boosted its holdings in shares of Schneider National by 10.1% in the 2nd quarter. Sei Investments Co. now owns 524,178 shares of the company’s stock valued at $12,664,000 after purchasing an additional 48,227 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Schneider National during the 2nd quarter valued at $259,000. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.