Schneider National (SNDR) Rating Reiterated by Robert W. Baird
Other analysts have also recently issued research reports about the company. Citigroup cut Schneider National from a buy rating to a neutral rating in a report on Thursday, January 4th. Buckingham Research initiated coverage on Schneider National in a report on Friday, October 20th. They issued a buy rating and a $29.00 price target for the company. BidaskClub cut Schneider National from a strong-buy rating to a buy rating in a report on Tuesday, November 7th. Morgan Stanley lifted their price target on Schneider National from $26.00 to $28.00 and gave the company an overweight rating in a report on Wednesday, November 8th. Finally, UBS Group restated a buy rating and issued a $30.00 price target (up previously from $24.00) on shares of Schneider National in a report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $26.10.
Shares of Schneider National (SNDR) traded up $0.05 during mid-day trading on Tuesday, reaching $28.37. 557,140 shares of the company traded hands, compared to its average volume of 917,329. Schneider National has a 12-month low of $17.69 and a 12-month high of $29.36. The firm has a market cap of $5,010.00 and a P/E ratio of 32.24. The company has a quick ratio of 1.93, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.
The company also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, December 14th. Schneider National’s payout ratio is currently 22.73%.
In other news, Director Thomas A. Gannon sold 256,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $24.20, for a total transaction of $6,195,200.00. Following the completion of the sale, the director now owns 682,991 shares in the company, valued at approximately $16,528,382.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul J. Kardish sold 85,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $25.12, for a total value of $2,135,200.00. Following the sale, the executive vice president now owns 222,432 shares of the company’s stock, valued at approximately $5,587,491.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,258,500 shares of company stock valued at $30,533,900 in the last quarter.
Several large investors have recently modified their holdings of SNDR. Schwab Charles Investment Management Inc. purchased a new stake in shares of Schneider National during the 2nd quarter worth about $2,806,000. Rhumbline Advisers purchased a new stake in shares of Schneider National during the 2nd quarter worth about $857,000. Bank of New York Mellon Corp purchased a new stake in shares of Schneider National during the 2nd quarter worth about $2,354,000. Legal & General Group Plc purchased a new stake in shares of Schneider National during the 2nd quarter worth about $173,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Schneider National during the 2nd quarter worth about $8,839,000. Institutional investors and hedge funds own 21.45% of the company’s stock.
Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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