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 report published on Monday, Marketbeat.com reports. They currently have $27.00 price target on the stock.

Several other research analysts also recently weighed in on the company. Benchmark restated a “buy” rating on shares of Schneider National in a research note on Thursday, January 15th. JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Susquehanna upped their target price on shares of Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Raymond James Financial upgraded shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a report on Wednesday, December 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.43.

Schneider National Trading Down 2.7%

Shares of SNDR stock opened at $25.13 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The stock has a fifty day simple moving average of $28.55 and a two-hundred day simple moving average of $25.34. The firm has a market capitalization of $4.41 billion, a PE ratio of 42.59, a PEG ratio of 0.77 and a beta of 1.06. Schneider National has a 52-week low of $20.11 and a 52-week high of $30.98.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Schneider National’s revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 28th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.6%. Schneider National’s payout ratio is presently 64.41%.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of Schneider National stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the transaction, the chief financial officer owned 66,275 shares in the company, valued at approximately $1,914,684.75. The trade was a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank raised its position in Schneider National by 3.2% in the 3rd quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock worth $312,000 after purchasing an additional 462 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Schneider National by 5.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,009 shares of the company’s stock valued at $319,000 after buying an additional 674 shares during the period. Baker Avenue Asset Management LP grew its stake in shares of Schneider National by 7.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 11,409 shares of the company’s stock valued at $303,000 after buying an additional 764 shares during the last quarter. Teza Capital Management LLC grew its stake in shares of Schneider National by 6.2% during the second quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock valued at $331,000 after buying an additional 802 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Schneider National by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,068 shares of the company’s stock worth $291,000 after buying an additional 821 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.