Schneider National (SNDR) Stock Rating Reaffirmed by Robert W. Baird
Other equities analysts also recently issued reports about the stock. UBS Group reaffirmed a buy rating and set a $30.00 target price (up from $24.00) on shares of Schneider National in a research note on Friday, September 29th. BidaskClub downgraded shares of Schneider National from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. Buckingham Research started coverage on shares of Schneider National in a research note on Friday, October 20th. They set a buy rating and a $29.00 target price on the stock. KeyCorp reaffirmed a hold rating on shares of Schneider National in a research note on Monday, November 13th. Finally, Citigroup downgraded shares of Schneider National from a buy rating to a neutral rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $26.10.
Shares of Schneider National (NYSE SNDR) traded down $0.10 during mid-day trading on Tuesday, reaching $28.98. 476,770 shares of the company’s stock were exchanged, compared to its average volume of 850,900. 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 one year low of $17.69 and a one year high of $29.36. The stock has a market capitalization of $5,140.00 and a P/E ratio of 32.93.
The business also recently declared a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Thursday, December 14th. Schneider National’s dividend payout ratio (DPR) is 22.73%.
In other news, insider Steven J. Matheys sold 62,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.20, for a total value of $1,512,500.00. Following the sale, the insider now directly owns 816,014 shares of the company’s stock, valued at approximately $19,747,538.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Gannon sold 256,000 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 transaction of $6,195,200.00. Following the sale, the director now directly owns 682,991 shares in the company, valued at $16,528,382.20. The disclosure for this sale can be found here. Insiders sold a total of 1,258,500 shares of company stock worth $30,533,900 over the last three months.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in Schneider National during the 2nd quarter worth approximately $67,293,000. Associated Banc Corp purchased a new stake in Schneider National during the 2nd quarter worth approximately $56,314,000. Jennison Associates LLC increased its stake in Schneider National by 6.0% during the 3rd quarter. Jennison Associates LLC now owns 1,554,066 shares of the company’s stock worth $39,318,000 after buying an additional 88,411 shares during the period. Citadel Advisors LLC purchased a new stake in Schneider National during the 2nd quarter worth approximately $32,099,000. Finally, Balyasny Asset Management LLC purchased a new stake in Schneider National during the 2nd quarter worth approximately $27,115,000. 21.45% of the stock is currently owned by hedge funds and other institutional investors.
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Schneider National Company Profile
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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