Wells Fargo & Company Has Lowered Expectations for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective cut by Wells Fargo & Company from $32.00 to $25.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

SNDR has been the topic of a number of other research reports. Susquehanna lowered their price objective on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stifel Nicolaus increased their price target on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Benchmark increased their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Stephens restated an “equal weight” rating and set a $30.00 price target (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Schneider National has an average rating of “Hold” and an average target price of $28.69.

Schneider National Price Performance

SNDR opened at $22.61 on Thursday. The firm has a market cap of $3.97 billion, a PE ratio of 34.79, a P/E/G ratio of 0.54 and a beta of 0.87. The stock has a 50-day moving average price of $26.70 and a 200-day moving average price of $28.50. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period in the prior year, the firm earned $0.16 EPS. Sell-side analysts predict that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Friday, March 14th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.68%. Schneider National’s payout ratio is currently 58.46%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SNDR. First Trust Advisors LP grew its holdings in Schneider National by 87.8% during the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock valued at $64,429,000 after buying an additional 1,028,789 shares in the last quarter. State Street Corp boosted its position in shares of 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 acquiring an additional 743,800 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Schneider National during the third quarter valued at $9,157,000. American Century Companies Inc. increased its holdings 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 acquiring an additional 306,275 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake 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 purchasing an additional 305,497 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

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.