Schneider National (NYSE:SNDR) Price Target Increased to $29.00 by Analysts at Susquehanna

Schneider National (NYSE:SNDR) had its price objective raised by Susquehanna from $25.00 to $29.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. raised their price target on Schneider National from $24.00 to $30.00 and gave the company a neutral rating in a report on Friday, August 2nd. Robert W. Baird boosted their target price on shares of Schneider National from $26.00 to $30.00 and gave the stock an outperform rating in a research report on Friday, August 2nd. Benchmark increased their price target on shares of Schneider National from $27.00 to $30.00 and gave the company a buy rating in a report on Friday, August 2nd. UBS Group raised their price objective on shares of Schneider National from $26.00 to $28.00 and gave the company a buy rating in a research note on Tuesday, July 9th. Finally, Stifel Nicolaus cut shares of Schneider National from a buy rating to a hold rating and set a $25.00 target price for the company. in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Schneider National presently has an average rating of Hold and an average price target of $27.31.

Schneider National Price Performance

Shares of NYSE:SNDR opened at $28.06 on Thursday. Schneider National has a one year low of $20.50 and a one year high of $28.97. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.57 and a beta of 0.85. The company has a 50-day simple moving average of $27.00 and a 200-day simple moving average of $24.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous 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. On average, analysts predict that Schneider National will post 0.85 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, September 13th. Schneider National’s dividend payout ratio is presently 43.18%.

Insider Transactions at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of the company’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 completion of the transaction, the insider now directly owns 55,726 shares in the company, valued at $1,538,037.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.68% of the company’s stock.

Hedge Funds Weigh In On Schneider National

A number of large investors have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of Schneider National during the 2nd quarter valued at $53,000. Hilltop National Bank increased its stake in Schneider National by 28.5% during the second 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. Covestor Ltd increased its stake in Schneider National by 51.9% during the first quarter. Covestor Ltd now owns 7,661 shares of the company’s stock worth $173,000 after acquiring an additional 2,617 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Schneider National by 78,622.2% in the 4th quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company’s stock worth $180,000 after purchasing an additional 7,076 shares during the period. Finally, FCG Investment Co purchased a new stake in shares of Schneider National during the 1st quarter worth about $205,000. 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.