Schneider National (NYSE:SNDR) Downgraded by Citigroup to “Sell”

Citigroup downgraded shares of Schneider National (NYSE:SNDR) from a neutral rating to a sell rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have $30.00 target price on the stock, down from their prior target price of $32.00.

Several other research analysts have also issued reports on SNDR. The Goldman Sachs Group reduced their target price on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Benchmark increased their price target on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Bank of America raised shares of Schneider National from an “underperform” rating to a “buy” rating and boosted their price target for the company from $27.00 to $34.00 in a report on Thursday, November 7th. Susquehanna reduced their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Robert W. Baird lifted their target price on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.31.

Schneider National Price Performance

NYSE SNDR opened at $31.69 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $28.17 and a 200 day simple moving average of $25.54. The company has a market cap of $5.55 billion, a P/E ratio of 51.11, a P/E/G ratio of 3.87 and a beta of 0.85. Schneider National has a 1 year low of $20.50 and a 1 year high of $32.14.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. On average, sell-side analysts predict that Schneider National will post 0.7 EPS for the current year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.20%. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Hedge Funds Weigh In On Schneider National

Large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System bought a new position in Schneider National in the 3rd quarter valued at $648,000. Russell Investments Group Ltd. increased its position in shares of Schneider National by 76.5% during the 1st quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock valued at $6,379,000 after purchasing an additional 122,077 shares during the last quarter. Tidal Investments LLC purchased a new stake in Schneider National in the first quarter worth approximately $468,000. Quadrature Capital Ltd bought a new stake in shares of Schneider National in the 1st quarter worth approximately $489,000. Finally, SG Americas Securities LLC increased its holdings in shares of Schneider National by 244.5% in the first quarter. SG Americas Securities LLC now owns 70,335 shares of the company’s stock worth $1,592,000 after buying an additional 49,921 shares during the period. 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.