Schneider National (NYSE:SNDR) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Thursday.
A number of other research firms have also issued reports on SNDR. KeyCorp restated a “hold” rating on shares of Schneider National in a report on Monday, November 13th. Buckingham Research initiated coverage on shares of Schneider National in a report on Friday, October 20th. They issued a “buy” rating and a $29.00 target price on the stock. BidaskClub upgraded shares of Schneider National from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Schneider National from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Robert W. Baird restated a “buy” rating and issued a $28.00 target price on shares of Schneider National in a report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.11.
Shares of Schneider National (NYSE SNDR) opened at $27.70 on Thursday. Schneider National has a 1 year low of $17.69 and a 1 year high of $29.36. The company has a current ratio of 2.12, a quick ratio of 1.93 and a debt-to-equity ratio of 0.26.
Schneider National (NYSE:SNDR) last released its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Schneider National had a net margin of 3.61% and a return on equity of 10.79%. Schneider National’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. sell-side analysts forecast that Schneider National will post 0.93 EPS for the current year.
In other news, insider Steven J. Matheys sold 62,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $1,512,500.00. Following the completion of the transaction, the insider now owns 816,014 shares of the company’s stock, valued at approximately $19,747,538.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Gannon sold 256,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $6,195,200.00. Following the transaction, the director now directly owns 682,991 shares of the company’s stock, valued at approximately $16,528,382.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,258,500 shares of company stock valued at $30,533,900.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Schneider National during the 2nd quarter valued at about $67,293,000. Associated Banc Corp acquired a new position in shares of Schneider National during the 2nd quarter valued at about $56,314,000. Jennison Associates LLC increased its stake in shares of Schneider National by 6.0% during the 3rd quarter. Jennison Associates LLC now owns 1,554,066 shares of the company’s stock valued at $39,318,000 after acquiring an additional 88,411 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Schneider National during the 2nd quarter valued at about $32,099,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Schneider National during the 2nd quarter valued at about $27,115,000. 21.45% of the stock is owned by institutional investors.
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About Schneider National
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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