Schneider National (NYSE:SNDR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Schneider National (NYSE:SNDR) from a hold rating to a buy rating in a research note released on Sunday morning,Wall Street Zen reports.

A number of other research firms have also weighed in on SNDR. Susquehanna cut their target price on shares of Schneider National from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday. National Bank Financial set a $38.00 target price on Schneider National in a research report on Friday, July 31st. Zacks Research cut shares of Schneider National from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 7th. UBS Group dropped their price target on Schneider National from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a research report on Tuesday, November 3rd. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.92.

Schneider National Price Performance

SNDR stock opened at $27.81 on Friday. The company has a market capitalization of $4.88 billion, a PE ratio of 34.33, a P/E/G ratio of 0.60 and a beta of 1.21. The company has a current ratio of 2.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average price is $31.84 and its 200 day moving average price is $31.89. Schneider National has a 12-month low of $20.51 and a 12-month high of $39.27.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Schneider National had a return on equity of 4.82% and a net margin of 2.38%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that Schneider National will post 1.05 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 12th. Shareholders of record on Friday, December 11th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Schneider National’s payout ratio is presently 49.38%.

Institutional Investors Weigh In On Schneider National

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new stake in Schneider National during the 2nd quarter worth about $942,000. Renaissance Technologies LLC raised its stake in Schneider National by 437.1% in the 1st quarter. Renaissance Technologies LLC now owns 153,600 shares of the company’s stock valued at $4,049,000 after purchasing an additional 125,000 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Schneider National in the 1st quarter valued at about $2,995,000. Quantinno Capital Management LP lifted its holdings in Schneider National by 44.1% in the 1st quarter. Quantinno Capital Management LP now owns 1,993,186 shares of the company’s stock valued at $52,540,000 after purchasing an additional 610,020 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Schneider National in the 2nd quarter valued at about $3,300,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc is a transportation and logistics company that provides freight and supply-chain services across North America. Its offerings include truckload transportation, intermodal shipping, and logistics services such as freight brokerage and supply-chain management.

The company serves customers in the United States, Canada, and Mexico, using a network of drivers, equipment, facilities, and transportation partners to move freight through multiple modes.

Founded in 1935 by Al Schneider as a single-truck business, the company grew into one of North America’s transportation providers.