Schneider National (NYSE:SNDR) Raised to “Buy” at Erste Group Bank

Erste Group Bank upgraded shares of Schneider National (NYSE:SNDR) from a hold rating to a buy rating in a report issued on Thursday morning, Marketbeat reports.

SNDR has been the topic of a number of other research reports. Citigroup lifted their price target on Schneider National from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Robert W. Baird initiated coverage on shares of Schneider National in a research note on Tuesday, July 1st. They set an “outperform” rating and a $28.00 price objective on the stock. Bank of America raised their price objective on shares of Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. UBS Group lowered shares of Schneider National from a “buy” rating to a “neutral” rating and raised their price objective for the company from $25.00 to $26.00 in a research note on Friday, September 5th. Finally, Baird R W upgraded shares of Schneider National to a “strong-buy” rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.36.

Schneider National Stock Performance

SNDR opened at $23.83 on Thursday. The business’s 50 day moving average is $24.93 and its 200-day moving average is $24.03. The stock has a market cap of $4.18 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.11. The company has a current ratio of 1.91, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. Schneider National has a twelve month low of $20.59 and a twelve month high of $33.90.

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

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be given a $0.095 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.38 annualized dividend and a yield of 1.6%. Schneider National’s payout ratio is 54.29%.

Insider Transactions at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $24.36, for a total value of $891,478.56. Following the transaction, the executive vice president owned 72,870 shares in the company, valued at approximately $1,775,113.20. The trade was a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 32.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. WPG Advisers LLC purchased a new position in Schneider National during the 1st quarter worth approximately $25,000. KBC Group NV purchased a new position in Schneider National during the 1st quarter worth approximately $28,000. Quarry LP purchased a new position in Schneider National during the 1st quarter worth approximately $32,000. Elevation Point Wealth Partners LLC purchased a new position in Schneider National during the 2nd quarter worth approximately $37,000. Finally, Lazard Asset Management LLC purchased a new position in Schneider National during the 4th quarter worth approximately $76,000. 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.