Schneider National (NYSE:SNDR) Price Target Raised to $29.00

Schneider National (NYSE:SNDR) had its price objective upped by Citigroup from $28.00 to $29.00 in a research note issued to investors on Wednesday morning, The Fly reports.

Separately, Cowen raised shares of Schneider National from a market perform rating to an outperform rating and raised their target price for the company from $30.00 to $32.00 in a research note on Wednesday, September 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $27.12.

SNDR opened at $26.57 on Wednesday. The firm has a market capitalization of $4.72 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 0.54 and a beta of 1.01. Schneider National has a one year low of $20.48 and a one year high of $27.50. The company has a fifty day moving average price of $25.88 and a 200-day moving average price of $23.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 2.00.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, October 28th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.10. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.40 billion. Schneider National had a return on equity of 16.14% and a net margin of 6.57%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. On average, analysts expect that Schneider National will post 2.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 10th. Shareholders of record on Friday, December 10th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, December 9th. Schneider National’s dividend payout ratio (DPR) is presently 14.29%.

In related news, EVP David L. Geyer sold 39,000 shares of Schneider National stock in a transaction on Wednesday, December 1st. The shares were sold at an average price of $24.57, for a total value of $958,230.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David L. Geyer sold 41,000 shares of Schneider National stock in a transaction on Monday, November 1st. The stock was sold at an average price of $25.28, for a total transaction of $1,036,480.00. The disclosure for this sale can be found here. Company insiders own 34.55% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Diversified Trust Co increased its stake in shares of Schneider National by 49.4% in the fourth quarter. Diversified Trust Co now owns 20,185 shares of the company’s stock worth $543,000 after buying an additional 6,671 shares during the period. State of Alaska Department of Revenue bought a new stake in Schneider National in the fourth quarter valued at $3,836,000. Schonfeld Strategic Advisors LLC bought a new stake in Schneider National in the third quarter valued at $244,000. BNP Paribas Arbitrage SA boosted its holdings in Schneider National by 779.7% in the third quarter. BNP Paribas Arbitrage SA now owns 185,212 shares of the company’s stock valued at $4,212,000 after acquiring an additional 164,159 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Schneider National by 48.9% in the third quarter. Squarepoint Ops LLC now owns 63,110 shares of the company’s stock valued at $1,435,000 after acquiring an additional 20,718 shares in the last quarter. 25.44% of the stock is currently owned by institutional investors.

Schneider National Company Profile

Schneider National Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering and freight payment services. It operates through the following segments: Truckload, Intermodal and Logistics.

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