Schneider National (NYSE:SNDR) Shares Gap Down on Analyst Downgrade

Shares of Schneider National, Inc. (NYSE:SNDR - Get Free Report) gapped down before the market opened on Friday after Wells Fargo & Company lowered their price target on the stock from $32.00 to $25.00. The stock had previously closed at $23.47, but opened at $22.72. Wells Fargo & Company currently has an equal weight rating on the stock. Schneider National shares last traded at $22.74, with a volume of 74,162 shares traded.

SNDR has been the subject of a number of other research reports. Benchmark upped their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Susquehanna reduced their price objective on Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price objective on Schneider National from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Stephens reaffirmed an "equal weight" rating and issued a $30.00 target price (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Finally, Stifel Nicolaus lifted their price target on shares of Schneider National from $28.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vise Technologies Inc. bought a new position in Schneider National in the 4th quarter valued at $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Schneider National by 15.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,253 shares of the company's stock valued at $4,429,000 after buying an additional 20,779 shares during the last quarter. Woodline Partners LP acquired a new position in Schneider National during the 4th quarter worth about $8,453,000. Squarepoint Ops LLC bought a new stake in Schneider National during the 4th quarter worth about $847,000. Finally, Two Sigma Advisers LP grew its holdings in Schneider National by 40.4% during the 4th quarter. Two Sigma Advisers LP now owns 702,900 shares of the company's stock worth $20,581,000 after acquiring an additional 202,100 shares during the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Stock Up 0.3 %

The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 0.54 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm's 50-day simple moving average is $26.56 and its two-hundred day simple moving average is $28.48.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting 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 period last year, the company earned $0.16 earnings per share. On average, sell-side analysts expect that Schneider National, Inc. will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Friday, March 14th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, March 14th. Schneider National's dividend payout ratio is 58.46%.

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.