Schneider National (NYSE:SNDR) Shares Gap Down Following Analyst Downgrade

Shares of Schneider National, Inc. (NYSE:SNDR) gapped down before the market opened on Friday after Wells Fargo & Company lowered their price target on the stock from $32.00 to $25.00. The stock had previously closed at $23.47, but opened at $22.72. Wells Fargo & Company currently has an equal weight rating on the stock. Schneider National shares last traded at $22.74, with a volume of 74,162 shares changing hands.

SNDR has been the subject of a number of other reports. Stifel Nicolaus upped their price target on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Susquehanna cut their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens reaffirmed an “equal weight” rating and issued a $30.00 target price (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Benchmark lifted their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Schneider National presently has an average rating of “Hold” and an average target price of $28.69.

Institutional Investors Weigh In On Schneider National

A number of institutional investors have recently modified their holdings of SNDR. GAMMA Investing LLC grew its position in Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after purchasing an additional 450 shares during the last quarter. Truist Financial Corp raised its stake in shares of Schneider National by 0.6% in the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company’s stock worth $2,595,000 after purchasing an additional 528 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Schneider National by 74.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Schneider National by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock worth $822,000 after buying an additional 710 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Schneider National by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 22,061 shares of the company’s stock worth $646,000 after buying an additional 867 shares during the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National Stock Performance

The stock has a market cap of $3.98 billion, a PE ratio of 34.87, a P/E/G ratio of 0.54 and a beta of 0.87. The business’s fifty day moving average price is $26.84 and its 200-day moving average price is $28.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the prior year, the company posted $0.16 EPS. As a group, equities research analysts forecast that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be given a $0.095 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.38 annualized dividend and a yield of 1.68%. Schneider National’s payout ratio is presently 58.46%.

About Schneider National

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.