Schneider National (SNDR) Downgraded by Bank of America to Underperform

Bank of America downgraded shares of Schneider National (NYSE:SNDR) from a buy rating to an underperform rating in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has $27.00 price objective on the stock, down from their prior price objective of $35.00.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Schneider National from a hold rating to a buy rating and set a $30.00 price target on the stock in a research report on Wednesday, May 2nd. ValuEngine upgraded Schneider National from a hold rating to a buy rating in a research report on Wednesday, May 2nd. Stifel Nicolaus started coverage on Schneider National in a research report on Friday, June 29th. They issued a hold rating and a $29.00 price target on the stock. Credit Suisse Group upped their price target on Schneider National from $29.00 to $30.00 and gave the company an outperform rating in a research report on Friday, April 27th. Finally, Morgan Stanley upped their price target on Schneider National from $36.00 to $37.00 and gave the company an overweight rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $30.67.

Shares of NYSE SNDR traded down $0.17 during trading hours on Thursday, reaching $26.74. The stock had a trading volume of 485,182 shares, compared to its average volume of 780,401. The company has a current ratio of 2.41, a quick ratio of 2.27 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.37 and a beta of 0.89. Schneider National has a twelve month low of $20.18 and a twelve month high of $30.52.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, August 2nd. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Schneider National had a return on equity of 11.61% and a net margin of 9.28%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $0.23 earnings per share. Schneider National’s revenue was up 15.0% on a year-over-year basis. research analysts anticipate that Schneider National will post 1.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 8th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 13th. Schneider National’s payout ratio is presently 25.53%.

In other news, insider Steven J. Matheys sold 30,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $26.95, for a total transaction of $808,500.00. Following the sale, the insider now owns 778,897 shares in the company, valued at $20,991,274.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 43.46% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of SNDR. Guggenheim Capital LLC lifted its stake in Schneider National by 178.6% in the fourth quarter. Guggenheim Capital LLC now owns 73,750 shares of the company’s stock valued at $2,106,000 after buying an additional 47,283 shares during the period. Teachers Advisors LLC grew its holdings in shares of Schneider National by 25.8% during the fourth quarter. Teachers Advisors LLC now owns 73,334 shares of the company’s stock worth $2,094,000 after buying an additional 15,063 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Schneider National by 102.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 168,795 shares of the company’s stock worth $4,821,000 after buying an additional 85,298 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Schneider National during the fourth quarter worth about $551,000. Finally, Wells Fargo & Company MN grew its stake in Schneider National by 32.6% in the first quarter. Wells Fargo & Company MN now owns 158,675 shares of the company’s stock valued at $4,136,000 after purchasing an additional 39,030 shares in the last quarter. Institutional investors and hedge funds own 24.94% of the company’s stock.

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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Analyst Recommendations for Schneider National (NYSE:SNDR)

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