Schneider National (NYSE:SNDR) Upgraded to Hold at Zacks Research

Schneider National (NYSE:SNDR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

SNDR has been the topic of a number of other research reports. Wells Fargo & Company cut their target price on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 30th. Bank of America upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, January 9th. TD Cowen cut their target price on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Finally, Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 price target for the company in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.43.

Schneider National Stock Performance

Shares of Schneider National stock opened at $27.44 on Monday. Schneider National has a fifty-two week low of $20.11 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95. The firm has a market capitalization of $4.81 billion, a P/E ratio of 46.50, a P/E/G ratio of 0.80 and a beta of 1.05. The company’s 50 day moving average price is $27.17 and its two-hundred day moving average price is $25.49.

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

Schneider National declared that its board has initiated a stock buyback plan on Wednesday, January 28th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the completion of the transaction, the chief financial officer owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.64% of the company’s stock.

Hedge Funds Weigh In On Schneider National

Several large investors have recently modified their holdings of SNDR. Vaughan Nelson Investment Management L.P. bought a new position in Schneider National during the fourth quarter worth $29,469,000. Balyasny Asset Management L.P. bought a new position in Schneider National during the second quarter worth $26,393,000. Bank of New York Mellon Corp raised its stake in Schneider National by 145.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,816,087 shares of the company’s stock worth $48,181,000 after buying an additional 1,076,184 shares during the last quarter. AQR Capital Management LLC raised its stake in Schneider National by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 2,077,455 shares of the company’s stock worth $55,115,000 after buying an additional 817,259 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in Schneider National by 396.1% during the third quarter. Gotham Asset Management LLC now owns 855,802 shares of the company’s stock worth $18,109,000 after buying an additional 683,298 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

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.