Schneider National (NYSE:SNDR) Rating Reiterated by Benchmark

Benchmark reaffirmed their buy rating on shares of Schneider National (NYSE:SNDR) in a research report sent to investors on Friday morning, Benzinga reports. Benchmark currently has a $27.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Susquehanna dropped their price target on Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Monday, March 25th. Evercore ISI cut shares of Schneider National from an outperform rating to an inline rating and set a $25.00 target price on the stock. in a report on Thursday, January 4th. Stifel Nicolaus decreased their price target on shares of Schneider National from $27.00 to $25.00 and set a buy rating for the company in a research note on Thursday, April 18th. Stephens restated an equal weight rating and issued a $28.00 price objective on shares of Schneider National in a research note on Monday, February 5th. Finally, Robert W. Baird reduced their target price on shares of Schneider National from $29.00 to $27.00 and set an outperform rating for the company in a report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Schneider National presently has a consensus rating of Hold and a consensus target price of $28.00.

Schneider National Stock Up 1.7 %

Schneider National stock traded up $0.38 during mid-day trading on Friday, hitting $22.40. The company had a trading volume of 971,465 shares, compared to its average volume of 846,967. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.47 and a beta of 0.91. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. Schneider National has a 1 year low of $20.50 and a 1 year high of $31.74. The business has a fifty day moving average of $22.17 and a 200 day moving average of $23.48.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. Schneider National’s revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Schneider National will post 1.09 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, June 7th. Schneider National’s dividend payout ratio (DPR) is currently 43.18%.

Institutional Trading of Schneider National

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC purchased a new position in Schneider National in the fourth quarter valued at about $29,000. Whittier Trust Co. purchased a new position in Schneider National in the 3rd quarter valued at approximately $35,000. Winch Advisory Services LLC raised its holdings in Schneider National by 61.6% during the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock worth $37,000 after purchasing an additional 503 shares during the last quarter. Quent Capital LLC boosted its position in Schneider National by 64.0% during the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock worth $46,000 after purchasing an additional 708 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Schneider National in the fourth quarter valued at $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.