Schneider National (NYSE:SNDR) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Schneider National (NYSE:SNDR) from a neutral rating to a buy rating in a research note published on Monday, Marketbeat Ratings reports. They currently have $32.00 price target on the stock, up from their prior price target of $24.00.

Other research analysts also recently issued reports about the stock. Susquehanna decreased their target price on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company decreased their target price on shares of Schneider National from $32.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Benchmark decreased their target price on shares of Schneider National from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Bank of America upped their target price on shares of Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, UBS Group decreased their target price on shares of Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.14.

Schneider National Price Performance

SNDR opened at $23.91 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. Schneider National has a 52-week low of $20.59 and a 52-week high of $33.90. The company has a 50 day moving average of $22.85 and a two-hundred day moving average of $26.57. The company has a market cap of $4.19 billion, a P/E ratio of 36.78, a P/E/G ratio of 0.54 and a beta of 1.11.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Schneider National’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Schneider National will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.38 annualized dividend and a yield of 1.59%. Schneider National’s dividend payout ratio is presently 54.29%.

Institutional Trading of Schneider National

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Schneider National by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,646 shares of the company’s stock valued at $129,000 after acquiring an additional 448 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Schneider National by 0.6% during the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company’s stock worth $2,595,000 after purchasing an additional 528 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Schneider National by 74.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock worth $42,000 after purchasing an additional 612 shares during the period. Captrust Financial Advisors raised its holdings in shares of Schneider National by 4.1% during the fourth quarter. Captrust Financial Advisors now owns 22,061 shares of the company’s stock worth $646,000 after purchasing an additional 867 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Schneider National by 4.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,606 shares of the company’s stock worth $574,000 after purchasing an additional 910 shares during the period. 28.54% of the stock is owned by institutional investors and hedge funds.

About Schneider National

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.