Schneider National (NYSE:SNDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “
Several other brokerages have also commented on SNDR. Robert W. Baird cut their price target on shares of Schneider National from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Stifel Nicolaus lifted their price target on shares of Schneider National from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, August 6th. Bank of America lowered shares of Schneider National from a “buy” rating to an “underperform” rating and cut their price target for the stock from $35.00 to $27.00 in a research note on Thursday, August 9th. 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, Morgan Stanley set a $35.00 price target on shares of Schneider National and gave the stock a “buy” rating in a research note on Monday, October 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Schneider National presently has a consensus rating of “Hold” and an average price target of $29.00.
Shares of SNDR opened at $22.51 on Wednesday. Schneider National has a twelve month low of $20.14 and a twelve month high of $30.52. The firm has a market capitalization of $3.87 billion, a PE ratio of 23.95, a PEG ratio of 1.11 and a beta of 1.32. The company has a current ratio of 2.41, a quick ratio of 2.27 and a debt-to-equity ratio of 0.21.
Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Schneider National had a net margin of 9.66% and a return on equity of 12.71%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.23 EPS. Schneider National’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts expect that Schneider National will post 1.52 EPS for the current year.
In other Schneider National news, COO Mark B. Rourke sold 30,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $27.50, for a total transaction of $825,000.00. Following the transaction, the chief operating officer now directly owns 608,291 shares of the company’s stock, valued at approximately $16,728,002.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Giertz acquired 4,000 shares of the stock in a transaction on Tuesday, August 28th. The shares were acquired at an average cost of $26.92 per share, for a total transaction of $107,680.00. Following the completion of the transaction, the director now directly owns 12,237 shares in the company, valued at approximately $329,420.04. The disclosure for this purchase can be found here. Company insiders own 43.46% of the company’s stock.
Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in Schneider National during the 3rd quarter worth $126,000. Signet Financial Management LLC purchased a new position in Schneider National during the 2nd quarter worth $135,000. BlueMountain Capital Management LLC purchased a new position in Schneider National during the 2nd quarter worth $135,000. Convergence Investment Partners LLC purchased a new position in Schneider National during the 2nd quarter worth $213,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Schneider National during the 2nd quarter worth $214,000. 24.71% of the stock is currently 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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