Susquehanna Cuts Schneider National (NYSE:SNDR) Price Target to $24.00

Schneider National (NYSE:SNDR - Free Report) had its price target cut by Susquehanna from $32.00 to $24.00 in a report issued on Wednesday, MarketBeat reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on SNDR. JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, January 31st. TD Cowen lifted their price objective on Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Stephens reissued an "equal weight" rating and issued a $30.00 target price (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Bank of America raised their price target on Schneider National from $35.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their price objective on shares of Schneider National from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.69.

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Schneider National Stock Down 3.7 %

Shares of NYSE:SNDR traded down $0.86 during trading on Wednesday, hitting $22.61. The stock had a trading volume of 819,728 shares, compared to its average volume of 814,880. The company has a market capitalization of $3.97 billion, a PE ratio of 34.79, a PEG ratio of 0.54 and a beta of 0.87. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm's fifty day moving average is $26.70 and its 200 day moving average is $28.50. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the prior year, the business earned $0.16 earnings per share. Analysts anticipate that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. Schneider National's dividend payout ratio (DPR) is presently 58.46%.

Hedge Funds Weigh In On Schneider National

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its position in Schneider National by 87.8% during the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company's stock valued at $64,429,000 after acquiring an additional 1,028,789 shares during the last quarter. State Street Corp grew its stake in shares of Schneider National by 75.4% during the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company's stock valued at $49,545,000 after purchasing an additional 743,800 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Schneider National during the 3rd quarter valued at about $9,157,000. American Century Companies Inc. lifted its stake in shares of Schneider National by 14.2% in the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company's stock worth $72,320,000 after purchasing an additional 306,275 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Schneider National by 4,324.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company's stock worth $9,152,000 after buying an additional 305,497 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

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.