Benchmark Cuts Schneider National (NYSE:SNDR) Price Target to $31.00

Schneider National (NYSE:SNDR - Free Report) had its target price lowered by Benchmark from $34.00 to $31.00 in a research report sent to investors on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Schneider National from $28.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Susquehanna lowered their target price on shares of Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, March 26th. Citigroup raised Schneider National from a "sell" rating to a "neutral" rating and reduced their target price for the company from $25.00 to $23.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on Schneider National from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, National Bankshares set a $25.00 target price on shares of Schneider National in a report on Friday, March 28th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.14.

Schneider National Price Performance

NYSE:SNDR traded up $0.78 during trading hours on Monday, hitting $22.50. 744,097 shares of the stock were exchanged, compared to its average volume of 817,380. The company has a market cap of $3.95 billion, a P/E ratio of 34.61, a P/E/G ratio of 0.54 and a beta of 1.10. The firm's fifty day moving average price is $24.25 and its 200 day moving average price is $27.82. Schneider National has a 52-week low of $20.61 and a 52-week high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the prior year, the firm posted $0.16 earnings per share. 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 declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th were issued a $0.095 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.69%. Schneider National's dividend payout ratio is currently 58.46%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its position in shares of Schneider National by 87.8% during the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company's stock worth $64,429,000 after purchasing an additional 1,028,789 shares in the last quarter. State Street Corp boosted its holdings in Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company's stock worth $49,545,000 after buying an additional 743,800 shares in the last quarter. American Century Companies Inc. grew its position in Schneider National by 14.2% during the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company's stock worth $72,320,000 after buying an additional 306,275 shares during the period. Balyasny Asset Management L.P. increased its holdings in Schneider National by 4,324.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company's stock valued at $9,152,000 after buying an additional 305,497 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Schneider National in the 4th quarter valued at approximately $8,453,000. 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.