Schneider National (NYSE:SNDR) Shares Gap Up Following Analyst Upgrade

Shares of Schneider National, Inc. (NYSE:SNDR) gapped up before the market opened on Thursday after Stifel Nicolaus raised their price target on the stock from $28.00 to $31.00. The stock had previously closed at $29.79, but opened at $30.99. Stifel Nicolaus currently has a hold rating on the stock. Schneider National shares last traded at $29.90, with a volume of 63,224 shares traded.

SNDR has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Evercore ISI cut their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Benchmark boosted their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group dropped their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Susquehanna cut their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $29.38.

Insider Activity at Schneider National

In other Schneider National news, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the transaction, the chief operating officer now directly owns 266,887 shares of the company’s stock, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas G. Jackson sold 18,248 shares of Schneider National stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,555 shares of company stock valued at $2,153,011. 32.68% of the stock is currently owned by insiders.

Institutional Trading of Schneider National

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Schneider National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock worth $96,953,000 after buying an additional 228,661 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Schneider National by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock worth $83,184,000 after buying an additional 48,905 shares during the last quarter. Earnest Partners LLC lifted its holdings in Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after buying an additional 440,545 shares during the last quarter. State Street Corp lifted its holdings in Schneider National by 75.4% during the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after buying an additional 743,800 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in Schneider National by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company’s stock worth $45,212,000 after buying an additional 4,458 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Performance

The firm’s fifty day moving average price is $30.50 and its 200-day moving average price is $28.40. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 47.77, a PEG ratio of 1.90 and a beta of 0.93.

Schneider National (NYSE:SNDR) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Analysts expect that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, December 13th. Schneider National’s dividend payout ratio is presently 61.29%.

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.