Schneider National (NYSE:SNDR) Given Market Perform Rating at Raymond James Financial

Schneider National (NYSE:SNDR)‘s stock had its “market perform” rating restated by investment analysts at Raymond James Financial in a research report issued to clients and investors on Monday,Benzinga reports.

SNDR has been the subject of several other reports. JPMorgan Chase & Co. lowered their price target on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. TD Cowen decreased their price objective on shares of Schneider National from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. UBS Group restated a “neutral” rating on shares of Schneider National in a research report on Friday, January 30th. Evercore boosted their price objective on shares of Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a research report on Tuesday, January 13th. Finally, National Bank Financial set a $27.00 price objective on shares of Schneider National in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and an average target price of $28.93.

Schneider National Stock Performance

Schneider National stock opened at $29.60 on Monday. The company has a quick ratio of 1.95, a current ratio of 2.13 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.19 billion, a PE ratio of 50.16, a P/E/G ratio of 0.88 and a beta of 1.05. The firm has a fifty day simple moving average of $27.01 and a two-hundred day simple moving average of $25.88. Schneider National has a twelve month low of $20.11 and a twelve month high of $30.98.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. Research analysts expect that Schneider National will post 1.12 EPS for the current year.

Schneider National declared that its board has initiated a share repurchase plan on Wednesday, January 28th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the transaction, the chief financial officer owned 66,275 shares in the company, valued at approximately $1,914,684.75. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.64% of the company’s stock.

Hedge Funds Weigh In On Schneider National

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of Schneider National by 2,425.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after buying an additional 1,625 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Schneider National during the fourth quarter valued at about $47,000. Farther Finance Advisors LLC increased its position in shares of Schneider National by 155.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock valued at $48,000 after buying an additional 1,110 shares during the period. Quarry LP increased its position in shares of Schneider National by 36.7% during the third quarter. Quarry LP now owns 3,404 shares of the company’s stock valued at $72,000 after buying an additional 913 shares during the period. Finally, Hills Bank & Trust Co purchased a new position in shares of Schneider National during the fourth quarter valued at about $105,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.