Schneider National (NYSE:SNDR) Receives New Coverage from Analysts at Citigroup

Citigroup initiated coverage on shares of Schneider National (NYSE:SNDR) in a report issued on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $29.00 target price on the stock.

SNDR has been the topic of several other reports. Robert W. Baird boosted their price target on Schneider National from $26.00 to $30.00 and gave the company an outperform rating in a research note on Friday, August 2nd. Benchmark increased their price objective on shares of Schneider National from $27.00 to $30.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Bank of America lowered Schneider National from a neutral rating to an underperform rating and set a $23.00 target price for the company. in a research report on Monday, July 22nd. Stifel Nicolaus lowered Schneider National from a buy rating to a hold rating and set a $25.00 price target on the stock. in a report on Thursday, August 8th. Finally, Evercore ISI reduced their price objective on Schneider National from $28.00 to $27.00 and set an in-line rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $27.08.

Schneider National Trading Down 1.1 %

NYSE:SNDR opened at $27.19 on Wednesday. Schneider National has a 52 week low of $20.50 and a 52 week high of $29.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. The firm’s fifty day moving average is $27.36 and its 200-day moving average is $24.36. The firm has a market cap of $4.76 billion, a P/E ratio of 30.90, a P/E/G ratio of 2.48 and a beta of 0.85.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Equities analysts expect that Schneider National will post 0.85 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th were issued a $0.095 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.40%. Schneider National’s dividend payout ratio is currently 43.18%.

Insider Activity at Schneider National

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the sale, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 32.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bullseye Asset Management LLC boosted its holdings in shares of Schneider National by 33.8% in the 4th quarter. Bullseye Asset Management LLC now owns 98,972 shares of the company’s stock worth $2,518,000 after buying an additional 25,000 shares during the last quarter. Alaska Permanent Fund Corp raised its position in Schneider National by 1.5% in the first quarter. Alaska Permanent Fund Corp now owns 119,567 shares of the company’s stock worth $2,707,000 after acquiring an additional 1,753 shares during the period. Park Avenue Securities LLC boosted its stake in Schneider National by 12.1% in the first quarter. Park Avenue Securities LLC now owns 18,098 shares of the company’s stock valued at $410,000 after acquiring an additional 1,955 shares during the last quarter. Janiczek Wealth Management LLC grew its position in shares of Schneider National by 9.2% during the 1st quarter. Janiczek Wealth Management LLC now owns 14,324 shares of the company’s stock valued at $324,000 after acquiring an additional 1,207 shares during the period. Finally, FCG Investment Co purchased a new stake in shares of Schneider National during the 1st quarter worth approximately $205,000. Institutional investors 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.