Citigroup initiated coverage on shares of Schneider National (NYSE:SNDR – Free Report) in a report released on Wednesday morning, Marketbeat reports. The firm issued a neutral rating and a $29.00 target price on the stock.
Several other brokerages also recently weighed in on SNDR. Susquehanna increased their price target on shares of Schneider National from $25.00 to $29.00 and gave the stock a neutral rating in a report on Thursday, September 26th. Evercore ISI lowered their price objective on Schneider National from $28.00 to $27.00 and set an in-line rating on the stock in a research report on Thursday, October 3rd. Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the stock an outperform rating in a research report on Friday, August 2nd. Stifel Nicolaus lowered Schneider National from a buy rating to a hold rating and set a $25.00 price objective on the stock. in a research report on Thursday, August 8th. Finally, Benchmark upped their price objective on Schneider National from $27.00 to $30.00 and gave the stock a buy rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $27.08.
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Schneider National Stock Performance
Schneider National (NYSE:SNDR – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Schneider National will post 0.85 EPS for the current fiscal year.
Schneider National Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th were given a dividend of $0.095 per share. The ex-dividend date was 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 (DPR) is 43.18%.
Insider Buying and Selling at Schneider National
In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total value of $276,000.00. Following the transaction, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.68% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted 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 valued at $342,000 after purchasing an additional 493 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake 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 acquiring an additional 618 shares during the last quarter. Hilltop National Bank increased its stake 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 acquiring an additional 676 shares during the last quarter. California State Teachers Retirement System increased its stake 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 acquiring an additional 958 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in shares of Schneider National by 9.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 14,324 shares of the company’s stock worth $324,000 after acquiring an additional 1,207 shares during the last quarter. Hedge funds and other 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.
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