Schneider National (NYSE:SNDR) Receives Equal Weight Rating from Stephens

Schneider National (NYSE:SNDR)‘s stock had its “equal weight” rating restated by equities researchers at Stephens in a report released on Monday,Benzinga reports. They currently have a $30.00 price target on the stock, down from their prior price target of $32.00. Stephens’ price objective would suggest a potential upside of 3.68% from the company’s current price.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group dropped their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. 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 report on Friday. Wells Fargo & Company upped their target price on shares of Schneider National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday. Evercore ISI lowered their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Finally, Benchmark lifted their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.85.

Schneider National Price Performance

NYSE SNDR opened at $28.93 on Monday. The business’s fifty day moving average is $30.34 and its 200 day moving average is $28.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $33.90. The company has a market capitalization of $5.07 billion, a PE ratio of 44.84, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the prior year, the business posted $0.16 earnings per share. Sell-side analysts predict that Schneider National will post 1.13 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the 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 of the company’s stock, valued at approximately $4,923,548.54. This represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of Schneider National stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,555 shares of company stock worth $2,153,011. 18.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Schneider National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDR. GAMMA Investing LLC grew its holdings in shares of Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after purchasing an additional 450 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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 during the last quarter. Truist Financial Corp grew its position in Schneider National by 0.6% during the 4th quarter. Truist Financial Corp now owns 88,613 shares of the company’s stock worth $2,595,000 after purchasing an additional 528 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Schneider National by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,075 shares of the company’s stock valued at $822,000 after acquiring an additional 710 shares during the period. Finally, Principal Securities Inc. lifted its position in Schneider National by 28.4% during the 4th quarter. Principal Securities Inc. now owns 4,626 shares of the company’s stock worth $135,000 after acquiring an additional 1,022 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.