Schneider National (NYSE:SNDR) Given “Buy” Rating at Benchmark

Benchmark reissued their buy rating on shares of Schneider National (NYSE:SNDR) in a report issued on Friday, Benzinga reports. Benchmark currently has a $27.00 price target on the stock.

SNDR has been the topic of a number of other research reports. Stephens reiterated an equal weight rating and set a $28.00 price target on shares of Schneider National in a report on Monday, February 5th. Bank of America decreased their price target on Schneider National from $25.00 to $23.00 and set a neutral rating for the company in a research note on Monday, April 15th. TD Cowen cut their price objective on Schneider National from $26.00 to $25.00 and set a buy rating on the stock in a research note on Friday. Robert W. Baird decreased their target price on shares of Schneider National from $29.00 to $27.00 and set an outperform rating for the company in a research report on Thursday, April 4th. Finally, Susquehanna lowered their price target on shares of Schneider National from $27.00 to $25.00 and set a neutral rating for the company in a report on Monday, March 25th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $28.00.

Schneider National Price Performance

NYSE:SNDR traded up $0.50 on Friday, hitting $22.02. The company had a trading volume of 1,423,880 shares, compared to its average volume of 818,371. The firm has a 50 day moving average of $22.17 and a two-hundred day moving average of $23.53. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.44 and a beta of 0.91. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.74.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue was down 7.7% on a year-over-year basis. On average, research analysts anticipate that Schneider National will post 1.09 earnings per share for the current year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, June 7th. Schneider National’s dividend payout ratio (DPR) is presently 43.18%.

Institutional Trading of Schneider National

Large investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC bought a new stake in shares of Schneider National in the fourth quarter valued at $12,547,000. Norges Bank bought a new position in Schneider National during the fourth quarter worth about $11,027,000. First Trust Advisors LP increased its stake in shares of Schneider National by 25.5% in the fourth quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock worth $46,138,000 after purchasing an additional 368,920 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Schneider National by 24.3% during the 3rd quarter. Earnest Partners LLC now owns 1,715,651 shares of the company’s stock valued at $47,506,000 after buying an additional 335,004 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Schneider National by 44.8% in the third quarter. New York State Common Retirement Fund now owns 987,255 shares of the company’s stock valued at $27,337,000 after purchasing an additional 305,484 shares in the last quarter. 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.