Schneider National (NYSE:SNDR) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Schneider National (NYSE:SNDR – Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

SNDR has been the topic of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Schneider National from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. National Bank Financial set a $38.00 target price on shares of Schneider National in a research report on Friday, July 31st. Benchmark restated a “buy” rating on shares of Schneider National in a report on Thursday, July 16th. Susquehanna lowered their price target on shares of Schneider National from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Finally, UBS Group lowered their price target on shares of Schneider National from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Schneider National currently has a consensus rating of “Hold” and an average price target of $33.08.

Get Our Latest Analysis on SNDR

Schneider National Price Performance

SNDR opened at $29.59 on Friday. Schneider National has a 12-month low of $20.51 and a 12-month high of $39.27. The company has a current ratio of 2.03, a quick ratio of 1.94 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $32.33 and its 200-day simple moving average is $31.90. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 0.67 and a beta of 1.21.

Schneider National (NYSE:SNDR – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Schneider National had a net margin of 1.92% and a return on equity of 3.89%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. On average, equities research analysts anticipate that Schneider National will post 1.05 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 12th. Investors of record on Friday, December 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, December 11th. Schneider National’s dividend payout ratio is 49.38%.

Institutional Investors Weigh In On Schneider National

A number of institutional investors have recently added to or reduced their stakes in SNDR. Provenance Wealth Advisors LLC bought a new position in shares of Schneider National during the 3rd quarter worth approximately $212,000. Associated Banc Corp purchased a new stake in Schneider National during the third quarter valued at approximately $3,411,000. State of Wyoming lifted its position in Schneider National by 111.1% during the third quarter. State of Wyoming now owns 23,733 shares of the company’s stock valued at $756,000 after acquiring an additional 12,490 shares during the last quarter. Crystal Rock Capital Management purchased a new stake in Schneider National during the third quarter valued at approximately $1,785,000. Finally, VestGen Advisors LLC boosted its stake in Schneider National by 36.0% in the third quarter. VestGen Advisors LLC now owns 8,105 shares of the company’s stock valued at $258,000 after acquiring an additional 2,146 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

About Schneider National

(Get Free Report)

Schneider National, Inc (NYSE: SNDR) is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider’s services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.

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