Schneider National’s (SNDR) Equal Weight Rating Reaffirmed at Stephens

Schneider National (NYSE:SNDR)‘s stock had its “equal weight” rating reissued by equities researchers at Stephens in a research note issued to investors on Monday,Benzinga reports. They presently have a $30.00 price target on the stock, down from their previous price target of $32.00. Stephens’ target price would suggest a potential upside of 1.67% from the company’s current price.

SNDR has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI cut their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Benchmark increased their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.85.

Schneider National Trading Up 1.6 %

Shares of SNDR stock opened at $29.51 on Monday. The business’s fifty day moving average price is $30.20 and its 200 day moving average price is $28.78. The firm has a market capitalization of $5.17 billion, a PE ratio of 45.39, a P/E/G ratio of 1.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. Schneider National has a 1-year low of $20.50 and a 1-year high of $33.90.

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 net margin of 2.21% and a return on equity of 4.12%. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, sell-side analysts forecast that Schneider National will post 1.13 EPS for the current fiscal year.

Insider Activity

In related news, EVP Thomas G. Jackson sold 18,248 shares of Schneider National 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 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 trade represents a 21.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the completion of the transaction, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,555 shares of company stock worth $2,153,011. Insiders own 18.83% of the company’s stock.

Institutional Trading of Schneider National

A number of institutional investors have recently modified their holdings of SNDR. Illinois Municipal Retirement Fund grew its position in Schneider National by 36.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 25,848 shares of the company’s stock valued at $757,000 after acquiring an additional 6,845 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Schneider National by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 644,120 shares of the company’s stock valued at $18,860,000 after purchasing an additional 16,116 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Schneider National by 1,938.5% in the fourth quarter. Venturi Wealth Management LLC now owns 9,275 shares of the company’s stock worth $272,000 after buying an additional 8,820 shares in the last quarter. Truist Financial Corp lifted its position 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 buying an additional 528 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Schneider National by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 227,735 shares of the company’s stock valued at $6,668,000 after purchasing an additional 6,050 shares in the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

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.