Schneider National (NYSE:SNDR) Shares Gap Down Following Analyst Downgrade

Schneider National, Inc. (NYSE:SNDR) shares gapped down before the market opened on Friday after Wells Fargo & Company lowered their price target on the stock from $32.00 to $25.00. The stock had previously closed at $23.47, but opened at $22.72. Wells Fargo & Company currently has an equal weight rating on the stock. Schneider National shares last traded at $22.74, with a volume of 74,162 shares trading hands.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their target price on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Stephens reaffirmed an “equal weight” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Benchmark increased their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Susquehanna lowered their price objective on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.69.

Institutional Investors Weigh In On Schneider National

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in Schneider National by 780.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock valued at $372,000 after acquiring an additional 11,312 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Schneider National by 15.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock worth $3,724,000 after purchasing an additional 17,573 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Schneider National by 18.4% in the third quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after purchasing an additional 115,814 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Schneider National in the 3rd quarter worth about $9,157,000. Finally, Proficio Capital Partners LLC bought a new stake in Schneider National during the 4th quarter valued at about $997,000. 28.54% of the stock is owned by institutional investors.

Schneider National Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.97 billion, a PE ratio of 34.79, a PEG ratio of 0.54 and a beta of 0.87. The firm’s 50-day simple moving average is $26.70 and its 200-day simple moving average is $28.49.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period last year, the business earned $0.16 earnings per share. On average, research analysts predict that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National’s payout ratio is 58.46%.

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.