Schneider National (NYSE:SNDR) Receives Neutral Rating from Bank of America

Bank of America reissued their neutral rating on shares of Schneider National (NYSE:SNDR) in a research note published on Friday morning, MarketBeat reports. Bank of America currently has a $25.00 price objective on the stock, down from their previous price objective of $34.00.

Several other brokerages also recently issued reports on SNDR. JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Susquehanna reduced their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Stephens reaffirmed an “equal weight” rating and set a $30.00 price objective (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Schneider National currently has an average rating of “Hold” and a consensus price target of $28.69.

Schneider National Price Performance

Shares of SNDR opened at $22.61 on Friday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 0.54 and a beta of 0.87. The firm’s fifty day simple moving average is $26.70 and its 200-day simple moving average is $28.51. Schneider National has a twelve month low of $20.50 and a twelve month high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting 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 business earned $0.16 earnings per share. Equities analysts forecast that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National’s dividend payout ratio (DPR) is currently 58.46%.

Hedge Funds Weigh In On Schneider National

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Schneider National by 52.6% during the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares in the last quarter. Huntington National Bank increased its holdings in Schneider National by 237.9% during the 4th quarter. Huntington National Bank now owns 1,416 shares of the company’s stock valued at $41,000 after acquiring an additional 997 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in Schneider National by 74.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after acquiring an additional 612 shares in the last quarter. Blue Trust Inc. raised its position in Schneider National by 489.1% during the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock worth $46,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Schneider National in the fourth quarter valued at about $48,000. 28.54% of the stock is owned by institutional investors and hedge funds.

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.