Schneider National (NYSE:SNDR) Rating Reiterated by Benchmark

Benchmark reiterated their buy rating on shares of Schneider National (NYSE:SNDR) in a research report released on Friday morning, Benzinga reports. They currently have a $27.00 target price on the stock.

Several other research firms have also recently issued reports on SNDR. Stifel Nicolaus boosted their target price on Schneider National from $26.00 to $27.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Robert W. Baird reduced their price target on Schneider National from $29.00 to $27.00 and set an outperform rating on the stock in a research note on Thursday, April 4th. Evercore ISI cut Schneider National from an outperform rating to an inline rating and set a $25.00 price target on the stock. in a research note on Thursday, January 4th. Susquehanna reduced their price target on Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Monday, March 25th. Finally, TD Cowen reduced their price target on Schneider National from $28.00 to $26.00 and set an outperform rating on the stock in a research note on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $28.21.

Schneider National Stock Performance

Shares of SNDR stock opened at $21.71 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. Schneider National has a fifty-two week low of $21.31 and a fifty-two week high of $31.74. The stock has a 50 day moving average price of $22.96 and a two-hundred day moving average price of $24.07. The company has a market capitalization of $3.82 billion, a P/E ratio of 16.32, a PEG ratio of 1.20 and a beta of 0.89.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm posted $0.64 earnings per share. Schneider National’s quarterly revenue was down 12.2% on a year-over-year basis. Analysts expect that Schneider National will post 1.15 earnings per share for the current year.

Schneider National Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Friday, March 8th were issued a dividend of $0.095 per share. This is an increase from Schneider National’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, March 7th. Schneider National’s dividend payout ratio is presently 28.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SNDR. MetLife Investment Management LLC bought a new position in shares of Schneider National during the first quarter valued at $26,000. Bruce G. Allen Investments LLC bought a new position in Schneider National in the fourth quarter valued at about $29,000. Whittier Trust Co. bought a new position in Schneider National in the third quarter valued at about $35,000. Winch Advisory Services LLC lifted its holdings in Schneider National by 61.6% in the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock valued at $37,000 after acquiring an additional 503 shares during the period. Finally, Quarry LP lifted its holdings in Schneider National by 252.2% in the first quarter. Quarry LP now owns 1,627 shares of the company’s stock valued at $44,000 after acquiring an additional 1,165 shares during the period. 28.54% of the stock is owned by institutional investors.

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.