Robert W. Baird Initiates Coverage on Schneider National (NYSE:SNDR)

Robert W. Baird initiated coverage on shares of Schneider National (NYSE:SNDR - Free Report) in a report released on Tuesday morning, Marketbeat reports. The brokerage issued an outperform rating and a $28.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Susquehanna lowered their price target on Schneider National from $32.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. Citigroup upgraded Schneider National from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $25.00 to $23.00 in a research report on Tuesday, April 8th. Benchmark lowered their target price on Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Evercore ISI reduced their price target on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

Schneider National Trading Down 0.2%

Shares of Schneider National stock traded down $0.04 during trading on Tuesday, hitting $25.66. The stock had a trading volume of 542,345 shares, compared to its average volume of 815,942. Schneider National has a 1 year low of $20.59 and a 1 year high of $33.90. The stock has a 50 day simple moving average of $23.78 and a 200 day simple moving average of $25.45. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4.50 billion, a PE ratio of 36.66, a P/E/G ratio of 0.77 and a beta of 1.10.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $0.11 EPS. The company's revenue was up 6.3% on a year-over-year basis. On average, research analysts expect that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, June 13th. Schneider National's dividend payout ratio is 54.29%.

Institutional Investors Weigh In On Schneider National

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in Schneider National by 87.8% during the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company's stock valued at $64,429,000 after purchasing an additional 1,028,789 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Schneider National by 2,481,000.0% during the 1st quarter. Jones Financial Companies Lllp now owns 645,086 shares of the company's stock worth $14,740,000 after buying an additional 645,060 shares during the period. Millennium Management LLC acquired a new position in Schneider National in the 1st quarter valued at $7,477,000. American Century Companies Inc. grew its stake in Schneider National by 14.2% in the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company's stock valued at $72,320,000 after buying an additional 306,275 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Schneider National by 4,324.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company's stock worth $9,152,000 after acquiring an additional 305,497 shares during the period. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Company Profile

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.