Schneider National (NYSE:SNDR) Cut to Sell at Citigroup

Citigroup lowered shares of Schneider National (NYSE:SNDR) from a neutral rating to a sell rating in a report released on Tuesday morning, MarketBeat.com reports. They currently have $30.00 target price on the stock, down from their previous target price of $32.00.

Other equities analysts have also issued research reports about the company. Robert W. Baird upped their price target on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $27.00 to $34.00 in a research report on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. TD Cowen increased their price target on Schneider National from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Schneider National has a consensus rating of “Hold” and an average price target of $28.31.

Schneider National Stock Performance

Shares of NYSE:SNDR opened at $30.58 on Tuesday. The business has a fifty day moving average of $28.33 and a 200-day moving average of $25.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National has a twelve month low of $20.50 and a twelve month high of $32.14. The firm has a market cap of $5.36 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 3.80 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. On average, equities research analysts predict that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.24%. Schneider National’s payout ratio is 61.29%.

Hedge Funds Weigh In On Schneider National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDR. Vanguard Group Inc. lifted its holdings in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after purchasing an additional 388,913 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Schneider National by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after buying an additional 228,661 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Schneider National by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after acquiring an additional 48,905 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after acquiring an additional 440,545 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Schneider National by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock worth $46,053,000 after acquiring an additional 186,857 shares in the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

Schneider National Company Profile

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.