JPMorgan Chase & Co. Cuts Schneider National (NYSE:SNDR) Price Target to $31.00

Schneider National (NYSE:SNDR) had its price target lowered by JPMorgan Chase & Co. from $32.00 to $31.00 in a research report released on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms also recently issued reports on SNDR. TD Cowen boosted their target price on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group dropped their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Stifel Nicolaus raised their target price on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their target price on Schneider National from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Susquehanna increased their price target on Schneider National from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.69.

Schneider National Price Performance

SNDR stock opened at $29.76 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 48.00, a PEG ratio of 1.90 and a beta of 0.93. The company’s fifty day simple moving average is $30.34 and its 200 day simple moving average is $28.66. Schneider National has a 12-month low of $20.50 and a 12-month high of $33.90.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. During the same period in the prior year, the business posted $0.16 EPS. On average, analysts expect that Schneider National will post 0.7 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, April 9th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. Schneider National’s payout ratio is 61.29%.

Insider Activity at Schneider National

In other news, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the transaction, the insider now directly owns 95,191 shares in the company, valued at $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock valued at $2,153,011 over the last ninety days. Corporate insiders own 32.68% of the company’s stock.

Institutional Trading of Schneider National

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after acquiring an additional 450 shares during the period. Blue Trust Inc. lifted its stake in Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after purchasing an additional 1,350 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Schneider National during the fourth quarter valued at $59,000. DekaBank Deutsche Girozentrale purchased a new stake in Schneider National in the third quarter worth $73,000. Finally, Quarry LP purchased a new position in shares of Schneider National during the 3rd quarter valued at $90,000. Institutional investors own 28.54% of the company’s stock.

About Schneider National

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.