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

Shares of Schneider National, Inc. (NYSE:SNDR) gapped down prior to trading 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 trading hands.

Several other analysts have also issued reports on SNDR. Susquehanna dropped their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stephens restated an “equal weight” rating and issued a $30.00 price target (down previously from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Stifel Nicolaus increased their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Benchmark increased their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.69.

Institutional Trading of Schneider National

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares in the last quarter. Truist Financial Corp lifted its holdings in Schneider National by 0.6% during the fourth quarter. Truist Financial Corp now owns 88,613 shares of the company’s stock worth $2,595,000 after acquiring an additional 528 shares during the period. SRS Capital Advisors Inc. boosted its position in Schneider National by 74.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock worth $42,000 after purchasing an additional 612 shares during the last quarter. Exchange Traded Concepts LLC grew its stake 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 purchasing an additional 710 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Schneider National by 4.1% during the 4th quarter. Captrust Financial Advisors now owns 22,061 shares of the company’s stock valued at $646,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

Schneider National Stock Down 3.4 %

The stock has a 50 day moving average price of $26.84 and a 200 day moving average price of $28.52. 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 company has a market capitalization of $3.98 billion, a P/E ratio of 34.87, a PEG ratio of 0.54 and a beta of 0.87.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate 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 business earned $0.16 EPS. Equities research analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a yield of 1.68%. Schneider National’s dividend payout ratio is presently 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.