Schneider National (NYSE:SNDR) Shares Gap Up Following Analyst Upgrade

Schneider National, Inc. (NYSE:SNDR)’s share price gapped up prior to trading on Thursday after Stifel Nicolaus raised their price target on the stock from $28.00 to $31.00. The stock had previously closed at $29.79, but opened at $30.99. Stifel Nicolaus currently has a hold rating on the stock. Schneider National shares last traded at $29.90, with a volume of 63,224 shares traded.

SNDR has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and lowered their price target for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group lowered their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Susquehanna lowered their price target on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Bank of America raised their price target on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.38.

Insider Transactions at Schneider National

In related news, COO Mark B. Rourke sold 32,057 shares of the business’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 value of $1,061,086.70. Following the completion of the transaction, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 95,191 shares of the company’s stock, valued at approximately $2,764,346.64. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,555 shares of company stock valued at $2,153,011 in the last ninety days. 32.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Schneider National

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Schneider National by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock worth $342,000 after buying an additional 493 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Schneider National by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock worth $822,000 after buying an additional 710 shares during the period. Susquehanna Fundamental Investments LLC boosted its holdings in Schneider National by 1.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock worth $1,847,000 after buying an additional 1,341 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Schneider National by 489.1% in the 4th quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock worth $46,000 after buying an additional 1,350 shares during the period. Institutional investors own 28.54% of the company’s stock.

Schneider National Price Performance

The company has a market cap of $5.21 billion, a P/E ratio of 47.99, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm’s fifty day moving average is $30.48 and its two-hundred day moving average is $28.41.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. As a group, analysts anticipate that Schneider National, Inc. will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

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.