Schneider National (SNDR) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Schneider National (NYSE: SNDR):

• 8/8/2024 – Schneider National was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $25.00 price target on the stock.
• 8/2/2024 – Schneider National had its price target raised by analysts at Robert W. Baird from $26.00 to $30.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Schneider National had its price target raised by analysts at JPMorgan Chase & Co. from $24.00 to $30.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Schneider National had its price target raised by analysts at Susquehanna from $23.00 to $25.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Schneider National had its price target raised by analysts at Benchmark Co. from $27.00 to $30.00. They now have a “buy” rating on the stock.
• 7/22/2024 – Schneider National was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $23.00 price target on the stock.
• 7/9/2024 – Schneider National had its price target raised by analysts at UBS Group AG from $26.00 to $28.00. They now have a “buy” rating on the stock.
• 7/2/2024 – Schneider National had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $27.00 price target on the stock.

Schneider National Stock Performance

Shares of SNDR stock traded down $0.27 during trading hours on Tuesday, reaching $26.76. The stock had a trading volume of 107,596 shares, compared to its average volume of 897,194. The firm has a 50-day simple moving average of $24.73 and a 200-day simple moving average of $23.30. The firm has a market capitalization of $4.70 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. Schneider National, Inc. has a twelve month low of $20.50 and a twelve month high of $29.60.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts forecast that Schneider National, Inc. will post 0.85 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.42%. Schneider National’s payout ratio is 43.18%.

Insider Buying and Selling

In related news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the transaction, the insider now owns 55,726 shares of the company’s stock, valued at $1,538,037.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 32.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Schneider National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNDR. Vanguard Group Inc. raised its position in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after purchasing an additional 388,913 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Schneider National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after purchasing an additional 228,661 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Schneider National by 1.1% in the second quarter. Thrivent Financial for Lutherans now owns 2,865,726 shares of the company’s stock valued at $69,236,000 after purchasing an additional 30,113 shares during the period. Earnest Partners LLC raised its position in shares of Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after purchasing an additional 440,545 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Schneider National by 10.9% in the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock valued at $46,053,000 after purchasing an additional 186,857 shares during the period. Institutional investors own 28.54% of the company’s stock.

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.