Schneider National (NYSE:SNDR) Raised 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 report released on Tuesday morning,Zacks.com reports.

SNDR has been the subject of several other research reports. The Goldman Sachs Group upgraded shares of Schneider National from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $24.00 to $32.00 in a research note on Monday, June 2nd. Susquehanna lowered their target price on Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 26th. 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 research report on Friday, May 16th. Benchmark lowered their price objective on Schneider National from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Citigroup raised shares of 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. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Schneider National currently has an average rating of "Moderate Buy" and an average price target of $27.00.

Schneider National Trading Up 2.6%

Schneider National stock traded up $0.66 during midday trading on Tuesday, reaching $25.69. 730,707 shares of the stock traded hands, compared to its average volume of 815,925. The firm has a market cap of $4.50 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 0.72 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $23.58 and a two-hundred day simple moving average of $25.52. Schneider National has a 12-month low of $20.59 and a 12-month high of $33.90.

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, 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 business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $0.11 earnings per share. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts expect that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

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

Institutional Investors Weigh In On Schneider National

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

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.