Schneider National (NYSE:SNDR) Upgraded to Neutral at Citigroup

Schneider National (NYSE:SNDR) was upgraded by Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Monday, MarketBeat reports. The brokerage presently has a $27.00 price target on the stock. Citigroup’s price objective would suggest a potential upside of 5.22% from the stock’s current price.

SNDR has been the subject of a number of other reports. Susquehanna increased their price target on Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a report on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Evercore upped their target price on shares of Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, January 13th. Finally, Benchmark restated a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and a consensus price target of $28.43.

Schneider National Stock Down 6.1%

Shares of NYSE SNDR opened at $25.66 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. The company has a market capitalization of $4.50 billion, a P/E ratio of 43.49, a price-to-earnings-growth ratio of 0.84 and a beta of 1.06. The company’s 50 day moving average price is $28.63 and its 200-day moving average price is $25.32. Schneider National has a 52-week low of $20.11 and a 52-week high of $30.98.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. Equities analysts forecast that Schneider National will post 1.12 earnings per share for the current year.

Schneider National declared that its board has initiated a stock repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of Schneider National stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $28.89, for a total value of $173,340.00. Following the transaction, the chief financial officer directly owned 66,275 shares of the company’s stock, valued at approximately $1,914,684.75. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Schneider National

Several hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in Schneider National by 2,425.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after buying an additional 1,625 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Schneider National in the 2nd quarter valued at about $37,000. Global Retirement Partners LLC acquired a new stake in Schneider National in the 4th quarter valued at about $47,000. Farther Finance Advisors LLC boosted its stake in shares of Schneider National by 155.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock valued at $48,000 after buying an additional 1,110 shares during the period. Finally, KBC Group NV boosted its stake in shares of Schneider National by 86.3% in the 2nd quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after buying an additional 1,061 shares during the period. 28.54% of the stock is owned by institutional investors and hedge funds.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.