Schneider National, Inc. (NYSE:SNDR) Receives Consensus Recommendation of “Hold” from Analysts

Schneider National, Inc. (NYSE:SNDR) has earned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $28.4286.

A number of brokerages have issued reports on SNDR. JPMorgan Chase & Co. cut their price target on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 target price on the stock in a research note on Monday, March 9th. Evercore increased their target price on shares of Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, January 13th. Wells Fargo & Company dropped their price target on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Schneider National in a research note on Monday, December 29th.

Schneider National Trading Up 2.9%

NYSE SNDR opened at $24.45 on Tuesday. 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 stock has a market capitalization of $4.29 billion, a P/E ratio of 41.44, a PEG ratio of 0.70 and a beta of 1.06. The firm’s 50-day moving average is $27.88 and its two-hundred day moving average is $25.29. Schneider National has a 12 month low of $20.11 and a 12 month high of $30.98.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share 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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that Schneider National will post 1.12 earnings per share for the current year.

Schneider National declared that its board has approved a stock repurchase program on Wednesday, January 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Schneider National Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.10 per share. This is a boost from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 1.6%. Schneider National’s dividend payout ratio (DPR) is presently 67.80%.

Insider Activity at Schneider National

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 value of $173,340.00. Following the sale, the chief financial officer directly owned 66,275 shares in the company, valued at approximately $1,914,684.75. This trade represents 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 this link. Corporate insiders own 23.43% of the company’s stock.

Institutional Investors Weigh In On Schneider National

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in Schneider National by 19.1% during the first quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock worth $3,702,000 after purchasing an additional 26,015 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Schneider National in the 1st quarter valued at approximately $7,477,000. Empowered Funds LLC boosted its holdings in shares of Schneider National by 12.0% in the first quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock valued at $319,000 after acquiring an additional 1,494 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Schneider National by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock worth $4,077,000 after buying an additional 27,180 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Schneider National by 120.5% in the 1st quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock valued at $2,071,000 after buying an additional 49,511 shares during the period. Institutional investors and hedge funds 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.