Wolfe Research Downgrades Schneider National (SNDR) to Underperform

Wolfe Research lowered shares of Schneider National (NYSE:SNDR) from a peer perform rating to an underperform rating in a research note published on Friday, MarketBeat Ratings reports.

SNDR has been the subject of a number of other reports. Zacks Investment Research downgraded Schneider National from a buy rating to a hold rating in a research note on Saturday, September 8th. Morgan Stanley boosted their price target on Schneider National from $36.00 to $37.00 and gave the company an overweight rating in a research note on Friday, August 3rd. ValuEngine downgraded Schneider National from a buy rating to a hold rating in a research note on Friday, June 29th. Stifel Nicolaus assumed coverage on Schneider National in a research note on Friday, June 29th. They set a hold rating and a $29.00 price target for the company. Finally, Bank of America downgraded Schneider National from a buy rating to an underperform rating and cut their price target for the company from $35.00 to $27.00 in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Schneider National has a consensus rating of Hold and an average target price of $30.75.

Schneider National stock opened at $23.55 on Friday. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.26 and a beta of 0.98. Schneider National has a 52-week low of $23.27 and a 52-week high of $30.52. The company has a quick ratio of 2.27, a current ratio of 2.41 and a debt-to-equity ratio of 0.21.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. Schneider National had a return on equity of 11.61% and a net margin of 9.28%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. On average, sell-side analysts expect that Schneider National will post 1.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 8th. Stockholders of record on Friday, September 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.02%. Schneider National’s payout ratio is currently 25.53%.

In related news, Director James R. Giertz acquired 4,000 shares of the stock in a transaction dated Tuesday, August 28th. The shares were purchased at an average cost of $26.92 per share, with a total value of $107,680.00. Following the transaction, the director now directly owns 12,237 shares in the company, valued at $329,420.04. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven J. Matheys sold 30,000 shares of Schneider National stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $26.95, for a total value of $808,500.00. Following the transaction, the insider now directly owns 778,897 shares in the company, valued at $20,991,274.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,000 shares of company stock worth $2,434,800. Insiders own 43.46% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Schneider National by 20.2% during the 2nd quarter. Morgan Stanley now owns 3,728,025 shares of the company’s stock valued at $102,558,000 after buying an additional 626,317 shares in the last quarter. BlackRock Inc. lifted its holdings in Schneider National by 0.3% in the 1st quarter. BlackRock Inc. now owns 2,345,825 shares of the company’s stock worth $61,133,000 after purchasing an additional 6,542 shares in the last quarter. Scopus Asset Management L.P. purchased a new position in Schneider National in the 2nd quarter worth approximately $37,137,000. Millennium Management LLC lifted its holdings in Schneider National by 50.3% in the 2nd quarter. Millennium Management LLC now owns 1,240,942 shares of the company’s stock worth $34,138,000 after purchasing an additional 415,281 shares in the last quarter. Finally, Copper Rock Capital Partners LLC lifted its holdings in Schneider National by 39.3% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 1,202,804 shares of the company’s stock worth $32,620,000 after purchasing an additional 339,261 shares in the last quarter. 24.08% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Company Profile

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.

See Also: Return on Equity (ROE)

Analyst Recommendations for Schneider National (NYSE:SNDR)

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