Schneider National (NYSE:SNDR - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $32.00 to $31.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Schneider National from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday. The Goldman Sachs Group lowered their price objective on Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Evercore ISI cut their target price on Schneider National from $27.00 to $26.00 and set an "in-line" rating for the company in a research report on Thursday, November 7th. TD Cowen lifted their target price on Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus upped their price target on Schneider National from $28.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $30.85.
Check Out Our Latest Stock Report on SNDR
Schneider National Stock Performance
Shares of SNDR stock traded up $0.46 on Friday, reaching $29.51. The stock had a trading volume of 660,661 shares, compared to its average volume of 870,471. 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 1 year low of $20.50 and a 1 year high of $33.90. The stock has a market cap of $5.17 billion, a P/E ratio of 45.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. The company has a 50 day simple moving average of $30.20 and a 200 day simple moving average of $28.78.
Schneider National (NYSE:SNDR - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter last year, the business earned $0.16 earnings per share. Equities research analysts expect that Schneider National will post 1.13 EPS for the current year.
Schneider National Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National's payout ratio is 58.46%.
Insider Transactions at Schneider National
In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction of $198,062.50. Following the transaction, the chief accounting officer now directly owns 155,366 shares in the company, valued at $4,923,548.54. The trade was a 3.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mark B. Rourke sold 32,057 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the transaction, the chief operating officer now owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,555 shares of company stock valued at $2,153,011. Company insiders own 18.83% of the company's stock.
Institutional Trading of Schneider National
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its holdings in shares of Schneider National by 36.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 25,848 shares of the company's stock worth $757,000 after purchasing an additional 6,845 shares during the period. Bank of New York Mellon Corp raised its position in Schneider National by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 644,120 shares of the company's stock worth $18,860,000 after buying an additional 16,116 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Schneider National by 1,938.5% during the 4th quarter. Venturi Wealth Management LLC now owns 9,275 shares of the company's stock valued at $272,000 after acquiring an additional 8,820 shares during the period. Truist Financial Corp boosted its holdings in shares of Schneider National by 0.6% in the 4th quarter. Truist Financial Corp now owns 88,613 shares of the company's stock valued at $2,595,000 after acquiring an additional 528 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Schneider National by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 227,735 shares of the company's stock worth $6,668,000 after acquiring an additional 6,050 shares during the period. Institutional investors and hedge funds own 28.54% of the company's stock.
Schneider National Company Profile
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Get Free Report)
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.
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