Schneider National (NYSE:SNDR) Price Target Raised to $28.00

Schneider National (NYSE:SNDR) had its price objective upped by JPMorgan Chase & Co. from $27.00 to $28.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently commented on SNDR. Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a research note on Wednesday. Robert W. Baird started coverage on Schneider National in a report on Tuesday, July 1st. They set an “outperform” rating and a $28.00 price objective on the stock. Evercore ISI dropped their price objective on Schneider National from $24.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Susquehanna dropped their price objective on Schneider National from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Finally, Erste Group Bank raised Schneider National from a “hold” rating to a “buy” rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.14.

Schneider National Price Performance

Schneider National stock opened at $22.20 on Wednesday. Schneider National has a 12 month low of $20.59 and a 12 month high of $33.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.77. The business has a 50 day simple moving average of $23.58 and a 200-day simple moving average of $23.71. The stock has a market capitalization of $3.89 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. Equities analysts predict that Schneider National will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Friday, September 12th were issued a $0.095 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.38 annualized dividend and a yield of 1.7%. Schneider National’s dividend payout ratio is 54.29%.

Insiders Place Their Bets

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the sale, the executive vice president owned 72,870 shares of the company’s stock, valued at approximately $1,775,113.20. This represents a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 32.68% of the company’s stock.

Institutional Trading of Schneider National

A number of large investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its stake in shares of Schneider National by 19.2% during the third quarter. Voya Investment Management LLC now owns 102,808 shares of the company’s stock valued at $2,175,000 after acquiring an additional 16,574 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Schneider National by 2.5% during the second quarter. Corient Private Wealth LLC now owns 41,474 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,022 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Schneider National by 21.2% during the second quarter. Texas Permanent School Fund Corp now owns 50,173 shares of the company’s stock valued at $1,212,000 after acquiring an additional 8,776 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Schneider National by 17.6% during the second quarter. Osaic Holdings Inc. now owns 18,977 shares of the company’s stock valued at $458,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Schneider National by 15.3% during the second quarter. Orion Porfolio Solutions LLC now owns 69,417 shares of the company’s stock valued at $1,676,000 after acquiring an additional 9,192 shares during the last quarter. Institutional investors and hedge funds 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.