Schneider National (NYSE:SNDR) Coverage Initiated by Analysts at Citigroup

Citigroup assumed coverage on shares of Schneider National (NYSE:SNDR) in a report released on Wednesday morning, Marketbeat reports. The firm issued a neutral rating and a $29.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus cut shares of Schneider National from a buy rating to a hold rating and set a $25.00 price objective on the stock. in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Schneider National from $24.00 to $30.00 and gave the company a neutral rating in a research report on Friday, August 2nd. Benchmark lifted their price objective on shares of Schneider National from $27.00 to $30.00 and gave the company a buy rating in a research report on Friday, August 2nd. Bank of America cut shares of Schneider National from a neutral rating to an underperform rating and set a $23.00 price target on the stock. in a research report on Monday, July 22nd. Finally, UBS Group boosted their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $27.08.

Schneider National Stock Up 2.2 %

Shares of SNDR opened at $27.64 on Wednesday. The business’s 50 day moving average is $27.34 and its 200 day moving average is $24.44. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. Schneider National has a 12-month low of $20.50 and a 12-month high of $29.01. The company has a market capitalization of $4.85 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. Research analysts expect that Schneider National will post 0.85 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 13th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, September 13th. Schneider National’s dividend payout ratio (DPR) is presently 43.18%.

Insider Buying and Selling

In related news, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the sale, the insider now directly owns 55,726 shares of the company’s stock, valued at $1,538,037.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.68% of the stock is owned by insiders.

Institutional Trading of Schneider National

A number of hedge funds have recently added to or reduced their stakes in SNDR. Creative Planning lifted its position in shares of Schneider National by 8.6% during the third quarter. Creative Planning now owns 27,776 shares of the company’s stock valued at $793,000 after buying an additional 2,205 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Schneider National during the third quarter valued at about $781,000. SG Americas Securities LLC purchased a new stake in shares of Schneider National during the third quarter valued at about $109,000. Susquehanna International Group LLP lifted its position in shares of Schneider National by 152.5% during the second quarter. Susquehanna International Group LLP now owns 312,776 shares of the company’s stock valued at $7,557,000 after buying an additional 188,920 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in shares of Schneider National by 1.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock valued at $1,847,000 after buying an additional 1,341 shares during the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

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.