Susquehanna Cuts Schneider National (NYSE:SNDR) Price Target to $24.00

Schneider National (NYSE:SNDR) had its price objective decreased by Susquehanna from $32.00 to $24.00 in a research note published on Wednesday morning, MarketBeat reports. Susquehanna currently has a neutral rating on the stock.

Several other analysts also recently issued reports on SNDR. JPMorgan Chase & Co. cut their price objective on Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stephens restated an “equal weight” rating and issued a $30.00 price target (down previously from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. TD Cowen raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America increased their target price on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus lifted their price target on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.69.

Schneider National Price Performance

Shares of Schneider National stock opened at $22.61 on Wednesday. The company’s 50-day moving average price is $26.70 and its two-hundred day moving average price is $28.49. The stock has a market cap of $3.97 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87. 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 has a 52 week low of $20.50 and a 52 week high of $33.90.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period last year, the business earned $0.16 EPS. As a group, sell-side analysts anticipate that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business 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 dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 annualized dividend and a yield of 1.68%. Schneider National’s dividend payout ratio (DPR) is currently 58.46%.

Institutional Inflows and Outflows

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

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.