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

Shares of Schneider National, Inc. (NYSE:SNDR) have been given an average rating of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $29.08.

Several brokerages recently issued reports on SNDR. Citigroup lowered shares of Schneider National from a “neutral” rating to a “sell” rating and cut their target price for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group dropped their target price on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their target price 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. Bank of America lifted their price target on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Benchmark raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th.

Insiders Place Their Bets

In related news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the transaction, the insider now owns 95,191 shares in the company, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas G. Jackson sold 18,248 shares of Schneider National stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the sale, the executive vice president now owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. The trade was a 21.53 % 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 valued at $2,153,011. 18.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Schneider National

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in Schneider National by 7.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,341 shares of the company’s stock worth $491,000 after buying an additional 1,435 shares in the last quarter. Raymond James & Associates lifted its stake in Schneider National by 10.9% during the 2nd quarter. Raymond James & Associates now owns 183,190 shares of the company’s stock worth $4,426,000 after acquiring an additional 18,009 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Schneider National by 12.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 543,263 shares of the company’s stock worth $13,125,000 after buying an additional 60,656 shares during the period. Innealta Capital LLC purchased a new position in Schneider National in the second quarter valued at $53,000. Finally, Peregrine Capital Management LLC grew its stake in Schneider National by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 250,776 shares of the company’s stock worth $6,059,000 after purchasing an additional 3,289 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Performance

Shares of Schneider National stock opened at $29.61 on Friday. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 3.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The firm’s 50-day moving average is $30.37 and its 200 day moving average is $27.50. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90.

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

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. Schneider National’s dividend payout ratio 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.