Schneider National (NYSE:SNDR) Upgraded at Erste Group Bank

Erste Group Bank upgraded shares of Schneider National (NYSE:SNDR) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, MarketBeat reports.

SNDR has been the subject of several other research reports. Bank of America increased their price target on Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Robert W. Baird started coverage on Schneider National in a report on Tuesday, July 1st. They issued an “outperform” rating and a $28.00 price target for the company. Citigroup increased their price target on Schneider National from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Baird R W raised Schneider National to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group raised Schneider National from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $32.00 in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Schneider National currently has an average rating of “Hold” and a consensus price target of $27.36.

Schneider National Stock Performance

NYSE SNDR opened at $24.56 on Thursday. The company has a market cap of $4.30 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.11. The stock’s 50 day simple moving average is $24.97 and its 200-day simple moving average is $24.07. Schneider National has a 1-year low of $20.59 and a 1-year high of $33.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.77.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Schneider National had a return on equity of 4.39% and a net margin of 2.29%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Schneider National has set its FY 2025 guidance at 0.750-0.950 EPS. As a group, equities research analysts anticipate that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 12th will be given a $0.095 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.38 dividend on an annualized basis and a yield of 1.5%. Schneider National’s payout ratio is currently 54.29%.

Insider Buying and Selling

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the sale, the executive vice president owned 72,870 shares in the company, valued at $1,775,113.20. The trade was a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Schneider National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Schneider National by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,616,682 shares of the company’s stock valued at $105,489,000 after purchasing an additional 206,582 shares during the period. First Trust Advisors LP raised its position in Schneider National by 10.7% in the second quarter. First Trust Advisors LP now owns 3,962,710 shares of the company’s stock valued at $95,700,000 after purchasing an additional 381,898 shares during the period. American Century Companies Inc. raised its position in Schneider National by 14.8% in the second quarter. American Century Companies Inc. now owns 2,991,213 shares of the company’s stock valued at $72,238,000 after purchasing an additional 386,340 shares during the period. Earnest Partners LLC raised its position in Schneider National by 3.3% in the first quarter. Earnest Partners LLC now owns 2,206,990 shares of the company’s stock valued at $50,430,000 after purchasing an additional 70,476 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in Schneider National in the second quarter valued at $26,393,000. Hedge funds and other 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.