Schneider National (NYSE:SNDR) Given "Equal Weight" Rating at Stephens

Stephens reiterated their equal weight rating on shares of Schneider National (NYSE:SNDR - Free Report) in a research note published on Monday morning,Benzinga reports. They currently have a $30.00 price objective on the stock, down from their prior price objective of $32.00.

A number of other research firms have also recently weighed in on SNDR. JPMorgan Chase & Co. decreased their price objective on shares of Schneider National from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Friday. Benchmark raised their price objective on Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Bank of America lifted their price objective on Schneider National from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. TD Cowen increased 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, The Goldman Sachs Group dropped their price target on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.85.

Schneider National Trading Up 1.6 %

SNDR traded up $0.46 during trading on Monday, hitting $29.51. 660,661 shares of the company's stock were exchanged, compared to its average volume of 870,471. The stock has a 50 day moving average price of $30.20 and a 200 day moving average price of $28.78. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm 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.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, analysts expect that Schneider National will post 1.13 EPS for the current fiscal year.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. Schneider National's payout ratio is currently 58.46%.

Insiders Place Their Bets

In related news, COO Mark B. Rourke sold 32,057 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total value of $1,061,086.70. Following the sale, the chief operating officer now owns 266,887 shares of the company's stock, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were 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 of the company's stock, valued at $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock valued at $2,153,011 over the last three months. Company insiders own 18.83% of the company's stock.

Institutional Trading of Schneider National

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in shares of Schneider National during the 2nd quarter worth about $259,000. The Manufacturers Life Insurance Company raised its holdings in Schneider National by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company's stock worth $342,000 after purchasing an additional 493 shares in the last quarter. Creative Planning boosted its stake in Schneider National by 166.7% during the 2nd quarter. Creative Planning now owns 25,571 shares of the company's stock valued at $618,000 after purchasing an additional 15,983 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Schneider National in the 3rd quarter worth $109,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Schneider National in the third quarter valued at $781,000. 28.54% of the stock is currently 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.