Schneider National (NYSE:SNDR) Price Target Raised to $34.00

Schneider National (NYSE:SNDR) had its price objective upped by Susquehanna from $28.00 to $34.00 in a research note issued to investors on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on SNDR. JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. National Bank Financial set a $27.00 target price on shares of Schneider National in a research note on Friday, February 6th. Raymond James Financial reiterated a “market perform” rating on shares of Schneider National in a research note on Monday, April 20th. Wells Fargo & Company lowered their target price on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 30th. Finally, UBS Group reiterated a “neutral” rating on shares of Schneider National in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.21.

Schneider National Stock Performance

NYSE:SNDR opened at $30.26 on Wednesday. Schneider National has a 1 year low of $20.11 and a 1 year high of $30.98. The firm’s fifty day simple moving average is $27.09 and its 200 day simple moving average is $26.11. The company has a current ratio of 2.13, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $5.30 billion, a PE ratio of 51.28, a PEG ratio of 0.88 and a beta of 1.05.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Schneider National will post 0.86 EPS for the current year.

Schneider National announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. This is a boost from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Schneider National’s payout ratio is currently 67.80%.

Insiders Place Their Bets

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the completion of the sale, the chief financial officer directly owned 66,275 shares of the company’s stock, valued at $1,914,684.75. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.64% of the stock is currently owned by company insiders.

Institutional Trading of Schneider National

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Schneider National by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,857,023 shares of the company’s stock valued at $128,859,000 after purchasing an additional 83,356 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Schneider National by 18.3% in the 1st quarter. Deprince Race & Zollo Inc. now owns 2,160,106 shares of the company’s stock valued at $56,940,000 after purchasing an additional 334,572 shares during the period. First Trust Advisors LP boosted its holdings in Schneider National by 4.2% in the 4th quarter. First Trust Advisors LP now owns 2,147,314 shares of the company’s stock valued at $56,968,000 after purchasing an additional 87,084 shares during the period. AQR Capital Management LLC boosted its holdings in Schneider National by 64.9% in the 4th quarter. AQR Capital Management LLC now owns 2,077,455 shares of the company’s stock valued at $55,115,000 after purchasing an additional 817,259 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Schneider National by 145.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,816,087 shares of the company’s stock worth $48,181,000 after acquiring an additional 1,076,184 shares during the period. 28.54% of the stock is owned by institutional investors.

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.