The Goldman Sachs Group Cuts Schneider National (NYSE:SNDR) Price Target to $25.00

Schneider National (NYSE:SNDR) had its target price cut by The Goldman Sachs Group from $26.00 to $25.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

SNDR has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on Schneider National from $24.00 to $30.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Stifel Nicolaus downgraded shares of Schneider National from a buy rating to a hold rating and set a $25.00 target price on the stock. in a research report on Thursday, August 8th. Citigroup started coverage on shares of Schneider National in a research report on Wednesday. They issued a neutral rating and a $29.00 price target for the company. Evercore ISI cut their price target on shares of Schneider National from $28.00 to $27.00 and set an in-line rating on the stock in a report on Thursday, October 3rd. Finally, Robert W. Baird increased their price objective on Schneider National from $26.00 to $30.00 and gave the company an outperform rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $27.08.

Schneider National Trading Up 2.2 %

Shares of Schneider National stock opened at $27.64 on Wednesday. The firm’s 50 day moving average is $27.34 and its 200 day moving average is $24.42. The firm has a market capitalization of $4.84 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. Schneider National has a 1 year low of $20.50 and a 1 year high of $29.01. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that Schneider National will post 0.85 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 13th were paid a dividend of $0.095 per share. The ex-dividend date was Friday, September 13th. This represents a $0.38 annualized dividend and a yield of 1.37%. Schneider National’s dividend payout ratio is currently 58.46%.

Insider Buying and Selling at Schneider National

In other news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the completion of the sale, the insider now owns 55,726 shares of the company’s stock, valued at $1,538,037.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 32.68% of the company’s stock.

Institutional Trading of Schneider National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in Schneider National by 8.6% in the third quarter. Creative Planning now owns 27,776 shares of the company’s stock worth $793,000 after acquiring an additional 2,205 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Schneider National in the 3rd quarter worth $781,000. SG Americas Securities LLC acquired a new stake in Schneider National in the 3rd quarter valued at $109,000. Susquehanna International Group LLP increased its stake in Schneider National by 152.5% during the 2nd quarter. Susquehanna International Group LLP now owns 312,776 shares of the company’s stock valued at $7,557,000 after purchasing an additional 188,920 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its stake in Schneider National by 1.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 76,449 shares of the company’s stock valued at $1,847,000 after purchasing an additional 1,341 shares in the last quarter. 28.54% of the stock is owned by institutional investors.

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.