Schneider National (NYSE:SNDR) Given New $30.00 Price Target at Robert W. Baird

Schneider National (NYSE:SNDR) had its price target lifted by Robert W. Baird from $26.00 to $30.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

SNDR has been the subject of several other research reports. Benchmark reiterated a buy rating and set a $27.00 price target on shares of Schneider National in a research note on Tuesday, July 2nd. Susquehanna upped their price target on Schneider National from $23.00 to $25.00 and gave the stock a neutral rating in a research note on Friday. TD Cowen decreased their target price on Schneider National from $26.00 to $25.00 and set a buy rating for the company in a research note on Friday, May 3rd. UBS Group increased their target price on Schneider National from $26.00 to $28.00 and gave the company a buy rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company initiated coverage on Schneider National in a research note on Friday, June 7th. They set an equal weight rating and a $23.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Schneider National currently has a consensus rating of Hold and a consensus price target of $28.13.

Schneider National Stock Down 1.4 %

Shares of SNDR traded down $0.40 during trading hours on Friday, hitting $27.66. 1,299,943 shares of the company were exchanged, compared to its average volume of 1,465,928. The company has a market cap of $4.86 billion, a PE ratio of 31.44, a PEG ratio of 2.61 and a beta of 0.85. The firm’s 50 day moving average is $23.70 and its 200-day moving average is $23.14. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.32 and a current ratio of 1.44.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. On average, equities research analysts forecast that Schneider National will post 0.84 EPS for the current fiscal year.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be given a $0.095 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.37%. Schneider National’s dividend payout ratio is currently 43.18%.

Institutional Trading of Schneider National

A number of hedge funds have recently modified their holdings of the company. Truist Financial Corp raised its holdings in shares of Schneider National by 0.5% in the 4th quarter. Truist Financial Corp now owns 112,991 shares of the company’s stock worth $2,876,000 after buying an additional 568 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Schneider National by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock worth $451,000 after buying an additional 618 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of Schneider National by 0.5% in the 4th quarter. Alaska Permanent Fund Corp now owns 117,814 shares of the company’s stock worth $2,998,000 after buying an additional 619 shares in the last quarter. Hilltop National Bank raised its holdings in shares of Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after buying an additional 676 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Schneider National by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock worth $1,265,000 after buying an additional 958 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

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.