Schneider National (SNDR) Rating Lowered to Hold at Zacks Investment Research

Schneider National (NYSE:SNDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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 brokerages have also weighed in on SNDR. Morgan Stanley lifted their target price on shares of Schneider National from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Bank of America lowered shares of Schneider National from a “buy” rating to an “underperform” rating and cut their target price for the company from $35.00 to $27.00 in a research note on Thursday, August 9th. Stifel Nicolaus lifted their target price on shares of Schneider National from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, August 6th. Wolfe Research lowered shares of Schneider National from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of Schneider National from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.00.

Shares of SNDR opened at $23.13 on Wednesday. The stock has a market cap of $3.98 billion, a PE ratio of 24.61, a P/E/G ratio of 1.14 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.27 and a current ratio of 2.34. Schneider National has a 1-year low of $20.14 and a 1-year high of $30.52.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, November 1st. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Schneider National had a net margin of 9.66% and a return on equity of 12.53%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. Research analysts expect that Schneider National will post 1.52 EPS for the current year.

In other Schneider National news, Director James R. Giertz purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was bought 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 approximately $329,420.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Welch purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average cost of $22.37 per share, with a total value of $44,740.00. Following the completion of the transaction, the director now owns 5,472 shares in the company, valued at $122,408.64. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 26,000 shares of company stock valued at $601,220. 43.46% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in Schneider National in the third quarter worth about $126,000. Signet Financial Management LLC purchased a new position in Schneider National in the second quarter worth about $135,000. BlueMountain Capital Management LLC purchased a new position in Schneider National in the second quarter worth about $135,000. Convergence Investment Partners LLC purchased a new position in Schneider National in the second quarter worth about $213,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Schneider National in the second quarter worth about $214,000. 24.71% of the stock is owned by institutional investors.

About Schneider National

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.

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