Stifel Nicolaus Boosts Schneider National (NYSE:SNDR) Price Target to $31.00

Schneider National (NYSE:SNDR - Free Report) had its target price lifted by Stifel Nicolaus from $28.00 to $31.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently commented on the company. Citigroup cut Schneider National from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group cut their target price 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. JPMorgan Chase & Co. lowered their price target on Schneider National from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Bank of America increased their price objective on shares of Schneider National from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Susquehanna decreased their target price on shares of Schneider National from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Schneider National has an average rating of "Hold" and a consensus target price of $29.38.

Schneider National Stock Down 1.4 %

SNDR stock traded down $0.41 during midday trading on Thursday, hitting $29.39. The stock had a trading volume of 630,240 shares, compared to its average volume of 810,749. The business has a 50-day moving average of $30.48 and a two-hundred day moving average of $28.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 47.40, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90.

Schneider National (NYSE:SNDR - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. As a group, equities research analysts forecast that Schneider National will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. Schneider National's payout ratio is 61.29%.

Insider Buying and Selling

In other news, COO Mark B. Rourke sold 32,057 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Robert M. Reich, Jr. sold 6,250 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the transaction, the chief accounting officer now directly owns 155,366 shares in the company, valued at approximately $4,923,548.54. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,555 shares of company stock valued at $2,153,011 over the last 90 days. Company insiders own 32.68% of the company's stock.

Hedge Funds Weigh In On Schneider National

Several large investors have recently added to or reduced their stakes in SNDR. Envestnet Asset Management Inc. lifted its position in shares of Schneider National by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 565,407 shares of the company's stock valued at $13,660,000 after acquiring an additional 69,197 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Schneider National in the 2nd quarter worth approximately $248,000. XTX Topco Ltd bought a new position in Schneider National in the 2nd quarter worth approximately $299,000. Sei Investments Co. grew its holdings in Schneider National by 10.1% during the 2nd quarter. Sei Investments Co. now owns 524,178 shares of the company's stock valued at $12,664,000 after buying an additional 48,227 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Schneider National during the second quarter valued at approximately $259,000. Hedge funds and other institutional investors own 28.54% of the company's stock.

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.