Schneider National (NYSE:SNDR) Downgraded by Bank of America

Bank of America downgraded shares of Schneider National (NYSE:SNDR) from a neutral rating to an underperform rating in a research report report published on Monday, MarketBeat Ratings reports. They currently have $23.00 price target on the stock.

A number of other equities research analysts have also issued reports on SNDR. Raymond James initiated coverage on shares of Schneider National in a report on Wednesday, May 15th. They set a market perform rating on the stock. UBS Group increased their target price on shares of Schneider National from $26.00 to $28.00 and gave the stock a buy rating in a report on Tuesday, July 9th. Susquehanna reduced their price objective on shares of Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a report on Monday, March 25th. Stifel Nicolaus restated a buy rating and issued a $25.00 price objective on shares of Schneider National in a report on Wednesday, May 15th. Finally, Wells Fargo & Company assumed coverage on shares of Schneider National in a report on Friday, June 7th. They issued an equal weight rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $27.87.

Schneider National Stock Performance

NYSE:SNDR opened at $24.90 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.32. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.29 and a beta of 0.85. The company’s 50-day moving average is $23.03 and its two-hundred day moving average is $23.01. Schneider National has a 1-year low of $20.50 and a 1-year high of $31.74.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Analysts forecast that Schneider National will post 0.86 EPS for the current year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, June 7th. Schneider National’s payout ratio is 43.18%.

Institutional Trading of Schneider National

Hedge funds and other institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC acquired a new stake in shares of Schneider National in the fourth quarter valued at about $12,547,000. Norges Bank acquired a new position in Schneider National during the fourth quarter worth about $11,027,000. Vanguard Group Inc. raised its position in Schneider National by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after acquiring an additional 388,913 shares during the last quarter. First Trust Advisors LP raised its position in Schneider National by 25.5% during the fourth quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock worth $46,138,000 after acquiring an additional 368,920 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Schneider National by 50.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 903,826 shares of the company’s stock valued at $20,463,000 after buying an additional 304,711 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, 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.