Schneider National (NYSE:SNDR) Price Target Raised to $32.00

Schneider National (NYSE:SNDR) had its price objective increased by Wells Fargo & Company from $31.00 to $32.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on SNDR. Evercore ISI lowered their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group lowered their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Benchmark boosted their target price on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and cut their price target for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus price target of $30.69.

Schneider National Trading Down 1.4 %

NYSE:SNDR opened at $29.76 on Friday. The company has a market cap of $5.21 billion, a PE ratio of 48.00, a PEG ratio of 1.90 and a beta of 0.93. 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 one year low of $20.50 and a one year high of $33.90. The firm has a 50-day moving average of $30.34 and a 200-day moving average of $28.71.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, equities research analysts expect that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.28%. Schneider National’s dividend payout ratio (DPR) is presently 58.46%.

Insider Buying and Selling

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares of the company’s stock, valued at $2,764,346.64. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the transaction, the chief accounting officer now owns 155,366 shares of the company’s stock, valued at $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,555 shares of company stock worth $2,153,011. Insiders own 32.68% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of Schneider National during the 2nd quarter valued at $259,000. The Manufacturers Life Insurance Company boosted its position in Schneider National by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock valued at $342,000 after buying an additional 493 shares during the period. Susquehanna International Group LLP grew its stake in shares of Schneider National by 152.5% during the second quarter. Susquehanna International Group LLP now owns 312,776 shares of the company’s stock valued at $7,557,000 after buying an additional 188,920 shares during the last quarter. Creative Planning increased its holdings in shares of Schneider National by 166.7% in the second quarter. Creative Planning now owns 25,571 shares of the company’s stock worth $618,000 after buying an additional 15,983 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Schneider National in the 3rd quarter valued at about $109,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

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.