Schneider National (NYSE:SNDR) Upgraded at Citigroup

Citigroup upgraded shares of Schneider National (NYSE:SNDR) from a sell rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat reports. Citigroup currently has $23.00 target price on the stock, down from their previous target price of $25.00.

Other analysts also recently issued reports about the stock. Stifel Nicolaus increased their price target on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of Schneider National from $32.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Susquehanna lowered their price target on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Stephens restated an “equal weight” rating and set a $30.00 price objective (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.93.

Schneider National Trading Down 1.1 %

Shares of NYSE:SNDR opened at $21.05 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The stock’s 50-day moving average is $25.47 and its 200-day moving average is $28.17. The company has a market cap of $3.69 billion, a P/E ratio of 32.38, a P/E/G ratio of 0.54 and a beta of 1.10. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period last year, the company posted $0.16 EPS. Equities research analysts predict that Schneider National will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.81%. Schneider National’s payout ratio is presently 58.46%.

Institutional Investors Weigh In On Schneider National

Several large investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in Schneider National by 87.8% during the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock valued at $64,429,000 after purchasing an additional 1,028,789 shares during the last quarter. State Street Corp increased its holdings in shares of Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after buying an additional 743,800 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Schneider National by 14.2% in the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock valued at $72,320,000 after acquiring an additional 306,275 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Schneider National by 4,324.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company’s stock worth $9,152,000 after acquiring an additional 305,497 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in Schneider National during the 4th quarter worth approximately $8,453,000. 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.