Schneider National (NYSE:SNDR) Given New $25.00 Price Target at Stifel Nicolaus

Schneider National (NYSE:SNDR) had its price objective lowered by Stifel Nicolaus from $27.00 to $25.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

SNDR has been the subject of several other reports. Bank of America dropped their target price on Schneider National from $25.00 to $23.00 and set a neutral rating for the company in a research report on Monday. Benchmark reiterated a buy rating and set a $27.00 target price on shares of Schneider National in a report on Friday, April 12th. TD Cowen dropped their price target on shares of Schneider National from $28.00 to $26.00 and set an outperform rating for the company in a research note on Friday, February 2nd. Evercore ISI cut Schneider National from an outperform rating to an inline rating and set a $25.00 price objective on the stock. in a research note on Thursday, January 4th. Finally, Robert W. Baird decreased their target price on Schneider National from $29.00 to $27.00 and set an outperform rating for the company in a report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Schneider National currently has a consensus rating of Hold and an average target price of $28.07.

Schneider National Price Performance

Shares of SNDR opened at $20.72 on Thursday. The firm has a 50-day simple moving average of $22.77 and a two-hundred day simple moving average of $23.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.64. Schneider National has a 1-year low of $20.50 and a 1-year high of $31.74. The stock has a market cap of $3.65 billion, a PE ratio of 15.58, a P/E/G ratio of 1.33 and a beta of 0.89.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $0.64 EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, analysts forecast that Schneider National will post 1.13 EPS for the current year.

Schneider National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were paid a dividend of $0.095 per share. This is a boost from Schneider National’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.38 annualized dividend and a yield of 1.83%. Schneider National’s payout ratio is presently 28.57%.

Hedge Funds Weigh In On Schneider National

Hedge funds have recently added to or reduced their stakes in the stock. Ceredex Value Advisors LLC lifted its position in shares of Schneider National by 40.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 690,800 shares of the company’s stock worth $17,635,000 after buying an additional 197,750 shares during the last quarter. UBS Group AG boosted its stake in Schneider National by 360.1% in the third quarter. UBS Group AG now owns 202,486 shares of the company’s stock valued at $5,607,000 after acquiring an additional 158,474 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Schneider National during the fourth quarter worth about $12,547,000. QRG Capital Management Inc. purchased a new position in shares of Schneider National during the third quarter worth about $2,615,000. Finally, Invesco Ltd. increased its position in shares of Schneider National by 33.5% during the third quarter. Invesco Ltd. now owns 228,063 shares of the company’s stock worth $6,315,000 after purchasing an additional 57,183 shares in the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Company Profile

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.