Schneider National (NYSE:SNDR) Raised to “Strong-Buy” at Zacks Investment Research

Schneider National (NYSE:SNDR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, January 10th. The brokerage currently has a $33.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 17.98% from the stock’s current price.

According to Zacks, “Schneider National, Inc. is a transportation and logistics services company. It provide portfolio of premier truckload, intermodal and logistics solutions. The company operates primarily in Canada, the United States and Mexico. Schneider National, Inc. is based in Green Bay, United States. “

A number of other equities research analysts have also weighed in on SNDR. Robert W. Baird restated a “buy” rating and set a $30.00 price target on shares of Schneider National in a research note on Tuesday, January 9th. UBS Group restated a “buy” rating and set a $30.00 price target (up previously from $24.00) on shares of Schneider National in a research note on Friday, September 29th. KeyCorp restated a “hold” rating on shares of Schneider National in a research note on Monday, November 13th. Citigroup lowered Schneider National from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Finally, Morgan Stanley upped their target price on Schneider National from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Schneider National has a consensus rating of “Buy” and a consensus price target of $26.10.

Shares of Schneider National (NYSE:SNDR) traded down $1.01 during trading on Wednesday, reaching $27.97. 743,700 shares of the company’s stock were exchanged, compared to its average volume of 840,180. The company has a quick ratio of 1.93, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. Schneider National has a fifty-two week low of $17.69 and a fifty-two week high of $29.36.

Schneider National (NYSE:SNDR) last announced its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. sell-side analysts anticipate that Schneider National will post 0.93 EPS for the current year.

In other news, insider Steven J. Matheys sold 62,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total transaction of $1,512,500.00. Following the completion of the transaction, the insider now directly owns 816,014 shares of the company’s stock, valued at approximately $19,747,538.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher B. Lofgren sold 600,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total value of $14,520,000.00. Following the transaction, the chief executive officer now directly owns 1,597,420 shares of the company’s stock, valued at $38,657,564. The disclosure for this sale can be found here. Insiders sold 1,258,500 shares of company stock valued at $30,533,900 over the last three months.

Several hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP raised its stake in Schneider National by 64.3% in the 3rd quarter. GSA Capital Partners LLP now owns 14,783 shares of the company’s stock valued at $374,000 after purchasing an additional 5,783 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in Schneider National in the 3rd quarter valued at $310,000. Oppenheimer Asset Management Inc. acquired a new position in Schneider National in the 3rd quarter valued at $608,000. Engineers Gate Manager LP acquired a new position in Schneider National in the 3rd quarter valued at $970,000. Finally, Envestnet Asset Management Inc. acquired a new position in Schneider National in the 3rd quarter valued at $775,000. 21.45% of the stock is owned by institutional investors and hedge funds.

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About Schneider National

Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.

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