Analysts Set Schneider National, Inc. (NYSE:SNDR) Target Price at $27.00

Shares of Schneider National, Inc. (NYSE:SNDR) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $27.00.

A number of research firms have commented on SNDR. Bank of America cut shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a report on Monday, July 22nd. UBS Group upped their price target on Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Benchmark raised their price objective on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Schneider National from $24.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Robert W. Baird increased their target price on Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd.

Insider Activity at Schneider National

In other news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the transaction, the insider now directly owns 55,726 shares of the company’s stock, valued at $1,538,037.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SNDR. International Assets Investment Management LLC grew its holdings in shares of Schneider National by 2,156.3% during the fourth quarter. International Assets Investment Management LLC now owns 19,088 shares of the company’s stock worth $486,000 after purchasing an additional 18,242 shares in the last quarter. Victory Capital Management Inc. lifted its position in Schneider National by 5.7% during the fourth quarter. Victory Capital Management Inc. now owns 60,039 shares of the company’s stock valued at $1,528,000 after purchasing an additional 3,232 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Schneider National by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,088 shares of the company’s stock worth $16,748,000 after buying an additional 38,782 shares in the last quarter. Principal Securities Inc. purchased a new position in Schneider National in the fourth quarter worth $48,000. Finally, Dimensional Fund Advisors LP increased its stake in Schneider National by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,405,619 shares of the company’s stock valued at $86,675,000 after acquiring an additional 130,426 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Price Performance

Schneider National stock opened at $27.72 on Friday. The stock’s 50 day moving average is $26.28 and its 200 day moving average is $23.71. Schneider National has a one year low of $20.50 and a one year high of $28.97. The firm has a market cap of $4.86 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm earned $0.45 earnings per share. Schneider National’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts expect that Schneider National will post 0.85 EPS for the current year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.37%. Schneider National’s dividend payout ratio is presently 43.18%.

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.