Schneider National (NYSE:SNDR) Shares Gap Down on Analyst Downgrade

Schneider National, Inc. (NYSE:SNDR)’s stock price gapped down prior to trading on Friday after Wells Fargo & Company lowered their price target on the stock from $32.00 to $25.00. The stock had previously closed at $23.47, but opened at $22.72. Wells Fargo & Company currently has an equal weight rating on the stock. Schneider National shares last traded at $22.74, with a volume of 74,162 shares.

Several other research analysts have also commented on SNDR. Benchmark boosted their price target on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Susquehanna cut their target price on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stephens reissued an “equal weight” rating and set a $30.00 price target (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Stifel Nicolaus lifted their price objective on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.69.

Institutional Investors Weigh In On Schneider National

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after acquiring an additional 450 shares during the period. Huntington National Bank lifted its position in Schneider National by 237.9% during the fourth quarter. Huntington National Bank now owns 1,416 shares of the company’s stock valued at $41,000 after purchasing an additional 997 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Schneider National by 74.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares during the last quarter. Blue Trust Inc. boosted its holdings in Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Schneider National during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Price Performance

The firm has a market cap of $3.97 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87. The stock has a 50 day simple moving average of $26.70 and a two-hundred day simple moving average of $28.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the previous year, the company earned $0.16 earnings per share. Sell-side analysts expect that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 annualized dividend and a yield of 1.68%. Schneider National’s dividend payout ratio is presently 58.46%.

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.