Benchmark Reaffirms Buy Rating for Schneider National (NYSE:SNDR)

Benchmark reiterated their buy rating on shares of Schneider National (NYSE:SNDR) in a research note released on Tuesday morning, Benzinga reports. Benchmark currently has a $27.00 price objective on the stock.

A number of other equities analysts have also recently commented on the stock. Robert W. Baird cut their target price on shares of Schneider National from $29.00 to $27.00 and set an outperform rating on the stock in a report on Thursday, April 4th. Susquehanna reduced their target price on shares of Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a report on Monday, March 25th. Wells Fargo & Company assumed coverage on shares of Schneider National in a report on Friday, June 7th. They issued an equal weight rating and a $23.00 target price on the stock. Bank of America reduced their target price on shares of Schneider National from $25.00 to $23.00 and set a neutral rating on the stock in a report on Monday, April 15th. Finally, Stifel Nicolaus restated a buy rating and issued a $25.00 target price on shares of Schneider National in a report on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $27.86.

Schneider National Trading Down 1.1 %

NYSE SNDR opened at $23.76 on Tuesday. Schneider National has a one year low of $20.50 and a one year high of $31.74. The firm has a 50 day simple moving average of $22.43 and a 200-day simple moving average of $23.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.32 and a current ratio of 1.44. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.14 and a beta of 0.85.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities research analysts anticipate that Schneider National will post 0.89 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Friday, June 7th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, June 7th. Schneider National’s dividend payout ratio (DPR) is presently 43.18%.

Institutional Trading of Schneider National

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Truist Financial Corp boosted its stake in shares of Schneider National by 0.5% during the 4th quarter. Truist Financial Corp now owns 112,991 shares of the company’s stock valued at $2,876,000 after buying an additional 568 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Schneider National by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock worth $451,000 after acquiring an additional 618 shares during the period. Alaska Permanent Fund Corp lifted its holdings in shares of Schneider National by 0.5% during the 4th quarter. Alaska Permanent Fund Corp now owns 117,814 shares of the company’s stock valued at $2,998,000 after buying an additional 619 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Schneider National by 64.0% during the 4th quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock valued at $46,000 after buying an additional 708 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Schneider National by 1.7% during the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock valued at $1,265,000 after buying an additional 958 shares during the last quarter. 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.