Schneider National, Inc. (NYSE:SNDR) Receives Consensus Recommendation of “Hold” from Brokerages

Schneider National, Inc. (NYSE:SNDR) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.4286.

A number of brokerages have issued reports on SNDR. TD Cowen cut their price target on Schneider National from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 30th. National Bank Financial set a $27.00 price objective on Schneider National in a research report on Friday, February 6th. Susquehanna upped their price objective on Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Friday, January 9th. Finally, Raymond James Financial raised Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research note on Wednesday, December 3rd.

Schneider National Price Performance

Shares of NYSE:SNDR opened at $23.71 on Tuesday. The company has a market capitalization of $4.16 billion, a P/E ratio of 40.18, a P/E/G ratio of 0.70 and a beta of 1.06. Schneider National has a 1-year low of $20.11 and a 1-year high of $30.98. The firm’s 50 day simple moving average is $27.96 and its two-hundred day simple moving average is $25.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data 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 firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. Research analysts expect that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National announced that its board has initiated a stock repurchase plan on Wednesday, January 28th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Schneider National’s dividend payout ratio (DPR) is 67.80%.

Insider Activity at Schneider National

In related news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the completion of the transaction, the chief financial officer owned 66,275 shares in the company, valued at approximately $1,914,684.75. This represents a 8.30% 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. Company insiders own 32.68% of the company’s stock.

Institutional Trading of Schneider National

Several hedge funds have recently bought and sold shares of SNDR. Amalgamated Bank boosted its holdings in shares of Schneider National by 3.2% during the 3rd quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock valued at $312,000 after purchasing an additional 462 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Schneider National by 5.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,009 shares of the company’s stock worth $319,000 after purchasing an additional 674 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Schneider National by 7.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 11,409 shares of the company’s stock worth $303,000 after buying an additional 764 shares in the last quarter. Teza Capital Management LLC lifted its position in shares of Schneider National by 6.2% in the second quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock worth $331,000 after buying an additional 802 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Schneider National by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,068 shares of the company’s stock valued at $291,000 after buying an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

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.