Schneider National (NYSE:SNDR) Stock Price Target Lowered at Susquehanna

Schneider National (NYSE:SNDR) had its price objective decreased by Susquehanna from $36.00 to $34.00 in a research note released on Friday morning,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other research analysts have also issued reports about the company. Citigroup reissued a “cautious” rating on shares of Schneider National in a report on Wednesday, October 7th. Wall Street Zen downgraded Schneider National from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Zacks Research lowered Schneider National from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. UBS Group dropped their target price 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, Wells Fargo & Company cut their price target on shares of Schneider National from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Schneider National has a consensus rating of “Hold” and an average price target of $32.92.

Schneider National Stock Performance

Shares of NYSE:SNDR traded down $0.43 on Friday, hitting $27.81. 899,054 shares of the company were exchanged, compared to its average volume of 1,054,445. The firm has a market capitalization of $4.88 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.21. The company has a current ratio of 2.06, a quick ratio of 1.94 and a debt-to-equity ratio of 0.12. Schneider National has a 1-year low of $20.51 and a 1-year high of $39.27. The stock’s 50 day moving average price is $31.84 and its 200 day moving average price is $31.89.

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

Schneider National Announces Dividend

The business also recently declared 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. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 11th. Schneider National’s dividend payout ratio (DPR) is currently 49.38%.

Hedge Funds Weigh In On Schneider National

A number of institutional investors have recently modified their holdings of SNDR. Quantinno Capital Management LP lifted its holdings in shares of 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 buying an additional 610,020 shares during the period. Dimensional Fund Advisors LP grew its holdings in Schneider National by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,015,141 shares of the company’s stock worth $132,195,000 after acquiring an additional 158,118 shares during the period. First Trust Advisors LP grew its holdings in Schneider National by 6.1% during the first quarter. First Trust Advisors LP now owns 2,277,720 shares of the company’s stock worth $60,041,000 after acquiring an additional 130,406 shares during the period. Renaissance Technologies LLC grew its holdings in Schneider National by 437.1% during the first quarter. Renaissance Technologies LLC now owns 153,600 shares of the company’s stock worth $4,049,000 after acquiring an additional 125,000 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Schneider National during the first quarter valued at approximately $2,995,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Company Profile

Schneider National, Inc (NYSE: SNDR) is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider’s services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.