Wells Fargo & Company Forecasts Strong Price Appreciation for Schneider National (NYSE:SNDR) Stock

Schneider National (NYSE:SNDR) had its price target hoisted by Wells Fargo & Company from $31.00 to $32.00 in a research report report published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

SNDR has been the topic of several other research reports. Benchmark lifted their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group dropped their price objective on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and decreased their target price for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price target on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Bank of America increased their price objective on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Schneider National has an average rating of “Hold” and an average target price of $30.69.

Schneider National Stock Performance

Shares of NYSE SNDR opened at $29.76 on Friday. The business’s 50-day simple moving average is $30.34 and its 200-day simple moving average is $28.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National has a 52 week low of $20.50 and a 52 week high of $33.90. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 48.00, a P/E/G ratio of 1.90 and a beta of 0.93.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, equities research analysts expect that Schneider National will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. Schneider National’s dividend payout ratio is 61.29%.

Insider Buying and Selling at Schneider National

In related news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the transaction, the insider now directly owns 95,191 shares of the company’s stock, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mark B. Rourke sold 32,057 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,555 shares of company stock valued at $2,153,011. 32.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after purchasing an additional 450 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Schneider National by 489.1% during the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after acquiring an additional 1,350 shares during the period. Future Financial Wealth Managment LLC bought a new position in Schneider National in the fourth quarter valued at about $59,000. DekaBank Deutsche Girozentrale bought a new position in Schneider National in the third quarter valued at about $73,000. Finally, Quarry LP acquired a new stake in Schneider National in the third quarter worth about $90,000. 28.54% of the stock is owned by institutional investors and hedge funds.

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.