Susquehanna Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective increased by Susquehanna from $28.00 to $34.00 in a research note published on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

SNDR has been the topic of a number of other research reports. Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $26.00 in a research note on Tuesday, February 3rd. Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 target price on the stock in a research note on Monday, March 9th. National Bank Financial set a $27.00 target price on shares of Schneider National in a research note on Friday, February 6th. Zacks Research raised shares of Schneider National from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wells Fargo & Company decreased their target price on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.21.

Schneider National Stock Performance

Shares of NYSE:SNDR opened at $29.82 on Wednesday. The company’s 50 day simple moving average is $27.03 and its 200 day simple moving average is $26.03. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 50.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. Schneider National has a 1 year low of $20.11 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. As a group, research analysts predict that Schneider National will post 0.86 EPS for the current fiscal year.

Schneider National announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Schneider National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Friday, March 13th were paid a $0.10 dividend. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, March 13th. Schneider National’s payout ratio is presently 67.80%.

Insider Buying and Selling at Schneider National

In related news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the sale, the chief financial officer owned 66,275 shares of the company’s stock, valued at $1,914,684.75. The trade was a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 23.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Schneider National

Several institutional investors have recently modified their holdings of SNDR. Royal Bank of Canada grew its stake in shares of Schneider National by 19.1% in the first quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock worth $3,702,000 after purchasing an additional 26,015 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Schneider National in the first quarter worth $7,477,000. Empowered Funds LLC grew its stake in shares of Schneider National by 12.0% in the first quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock worth $319,000 after purchasing an additional 1,494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Schneider National by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock valued at $4,077,000 after buying an additional 27,180 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Schneider National by 120.5% in the first quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock valued at $2,071,000 after buying an additional 49,511 shares during the period. Institutional investors own 28.54% of the company’s stock.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.