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

Schneider National, Inc. (NYSE:SNDR) shares 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.

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

Insiders Place Their Bets

In other news, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the transaction, the executive vice president now owns 66,526 shares in the company, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares of the company’s stock, valued at approximately $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,555 shares of company stock worth $2,153,011. 32.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Schneider National

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after buying an additional 450 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after buying an additional 1,350 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Schneider National in the 4th quarter worth approximately $59,000. DekaBank Deutsche Girozentrale bought a new position in Schneider National in the 3rd quarter worth approximately $73,000. Finally, Quarry LP bought a new position in Schneider National in the 3rd quarter worth approximately $90,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm’s 50-day moving average is $30.50 and its two-hundred day moving average is $28.40. The stock has a market cap of $5.19 billion, a P/E ratio of 47.77, a PEG ratio of 1.90 and a beta of 0.93.

Schneider National (NYSE:SNDR) last released 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 net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. On average, equities research analysts anticipate that Schneider National, Inc. will post 0.7 earnings per share for the current year.

Schneider National Announces Dividend

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