Schneider National (NYSE:SNDR) PT Lowered to $27.00 at Evercore ISI

Schneider National (NYSE:SNDR) had its price objective cut by Evercore ISI from $28.00 to $27.00 in a report released on Thursday morning, Benzinga reports. They currently have an in-line rating on the stock.

SNDR has been the topic of several other research reports. Susquehanna upped their price target on Schneider National from $25.00 to $29.00 and gave the company a neutral rating in a report on Thursday, September 26th. UBS Group boosted their target price on Schneider National from $26.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. Stifel Nicolaus lowered Schneider National from a buy rating to a hold rating and set a $25.00 price target for the company. in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on Schneider National from $24.00 to $30.00 and gave the stock a neutral rating in a research note on Friday, August 2nd. Finally, Bank of America lowered shares of Schneider National from a neutral rating to an underperform rating and set a $23.00 price objective for the company. in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $27.17.

Schneider National Stock Down 1.5 %

Shares of Schneider National stock opened at $26.98 on Thursday. 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 has a 1-year low of $20.50 and a 1-year high of $29.01. The business’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $24.25. The company has a market capitalization of $4.73 billion, a P/E ratio of 30.66, a PEG ratio of 2.54 and a beta of 0.85.

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

Schneider National Dividend Announcement

The business 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 $0.095 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.41%. Schneider National’s payout ratio is 43.18%.

Insider Activity

In other news, insider Shaleen Devgun sold 10,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the transaction, the insider now directly owns 55,726 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 32.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Schneider National

Large investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Schneider National in the second quarter valued at approximately $53,000. Hilltop National Bank boosted its holdings in Schneider National by 28.5% in the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares in the last quarter. SG Americas Securities LLC acquired a new position in Schneider National during the third quarter worth $109,000. Covestor Ltd raised its holdings in Schneider National by 51.9% during the first quarter. Covestor Ltd now owns 7,661 shares of the company’s stock valued at $173,000 after buying an additional 2,617 shares in the last quarter. Finally, FCG Investment Co acquired a new stake in shares of Schneider National in the first quarter worth about $205,000. Institutional investors 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.