Schneider National (NYSE:SNDR) Given New $31.00 Price Target at JPMorgan Chase & Co.

Schneider National (NYSE:SNDR) had its price objective reduced by JPMorgan Chase & Co. from $32.00 to $31.00 in a report issued on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also commented on SNDR. Benchmark upped their price target on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America increased their target price on Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and reduced their price target for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. TD Cowen increased their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group dropped their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.69.

Schneider National Price Performance

NYSE:SNDR opened at $29.76 on Friday. Schneider National has a 12-month low of $20.50 and a 12-month high of $33.90. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 48.00, a P/E/G ratio of 1.90 and a beta of 0.93. The stock’s 50 day moving average price is $30.34 and its two-hundred day moving average price is $28.66. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. During the same period in the previous year, the firm posted $0.16 EPS. On average, analysts anticipate that Schneider National will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.28%. Schneider National’s payout ratio is presently 61.29%.

Insider Buying and Selling at Schneider National

In related news, EVP Thomas G. Jackson sold 18,248 shares of the stock in a transaction that occurred on 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 owns 66,526 shares of the company’s stock, valued at $2,200,014.82. This represents a 21.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mark B. Rourke sold 32,057 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at approximately $8,833,959.70. The trade was a 10.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,555 shares of company stock valued at $2,153,011. 32.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Schneider National

Several hedge funds have recently modified their holdings of the company. State Street Corp grew 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 acquiring an additional 743,800 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Schneider National in the third quarter worth $9,157,000. Principal Financial Group Inc. bought a new stake in shares of Schneider National in the third quarter worth $6,327,000. New York State Common Retirement Fund increased its holdings in Schneider National by 16.4% in the third quarter. New York State Common Retirement Fund now owns 1,491,876 shares of the company’s stock valued at $42,578,000 after purchasing an additional 209,787 shares during the period. Finally, Susquehanna International Group LLP raised its position in Schneider National by 152.5% during the 2nd quarter. Susquehanna International Group LLP now owns 312,776 shares of the company’s stock worth $7,557,000 after purchasing an additional 188,920 shares during the last quarter. Institutional investors and hedge funds 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.