Schneider National (NYSE:SNDR) Upgraded to "Strong-Buy" at Baird R W

Baird R W upgraded shares of Schneider National (NYSE:SNDR - Free Report) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently commented on SNDR. Citigroup raised shares of Schneider National from a "sell" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $23.00 in a report on Tuesday, April 8th. Benchmark decreased their price target on shares of Schneider National from $34.00 to $31.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group raised shares of Schneider National from a "neutral" rating to a "buy" rating and upped their price target for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. Stifel Nicolaus cut their price objective on shares of Schneider National from $25.00 to $22.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Finally, Bank of America boosted their price objective on shares of Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Schneider National Stock Performance

Shares of SNDR stock traded down $0.04 during trading hours on Tuesday, reaching $25.66. The company had a trading volume of 542,345 shares, compared to its average volume of 815,586. The business has a fifty day moving average price of $23.78 and a 200-day moving average price of $25.43. Schneider National has a one year low of $20.59 and a one year high of $33.90. The firm has a market cap of $4.50 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.74 and a current ratio of 1.90.

Schneider National (NYSE:SNDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts predict that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kera Capital Partners Inc. purchased a new stake in shares of Schneider National during the second quarter valued at about $308,000. Strs Ohio purchased a new position in Schneider National during the 1st quarter worth approximately $2,422,000. Jane Street Group LLC raised its position in Schneider National by 120.5% during the 1st quarter. Jane Street Group LLC now owns 90,616 shares of the company's stock worth $2,071,000 after buying an additional 49,511 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Schneider National by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company's stock worth $4,077,000 after purchasing an additional 27,180 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Schneider National by 12.0% during the 1st quarter. Empowered Funds LLC now owns 13,944 shares of the company's stock worth $319,000 after purchasing an additional 1,494 shares during the period. 28.54% of the stock is currently owned by institutional investors.

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.