Bank of America Downgrades Schneider National (NYSE:SNDR) to Underperform

Bank of America cut shares of Schneider National (NYSE:SNDR) from a neutral rating to an underperform rating in a report released on Monday, MarketBeat.com reports. The firm currently has $23.00 price objective on the stock.

A number of other research firms also recently commented on SNDR. TD Cowen reduced their price objective on shares of Schneider National from $26.00 to $25.00 and set a buy rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company began coverage on shares of Schneider National in a research note on Friday, June 7th. They set an equal weight rating and a $23.00 price objective for the company. Raymond James began coverage on shares of Schneider National in a research note on Wednesday, May 15th. They set a market perform rating for the company. Stifel Nicolaus reiterated a buy rating and issued a $25.00 price target on shares of Schneider National in a research note on Wednesday, May 15th. Finally, UBS Group boosted their target price on Schneider National from $26.00 to $28.00 and gave the stock a buy rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $27.87.

Schneider National Price Performance

SNDR opened at $26.02 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. Schneider National has a 12 month low of $20.50 and a 12 month high of $31.74. The company has a fifty day simple moving average of $23.10 and a 200 day simple moving average of $23.03. The stock has a market cap of $4.57 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.23 and a beta of 0.85.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. Schneider National’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. On average, research analysts expect that Schneider National will post 0.86 EPS for the current year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.38 annualized dividend and a yield of 1.46%. Schneider National’s dividend payout ratio is currently 43.18%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC raised its position in Schneider National by 64.0% during the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock valued at $46,000 after purchasing an additional 708 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Schneider National during the fourth quarter worth $48,000. Hilltop National Bank increased its holdings in shares of Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after buying an additional 676 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Schneider National during the fourth quarter worth $102,000. Finally, Covestor Ltd increased its holdings in shares of Schneider National by 51.9% during the first quarter. Covestor Ltd now owns 7,661 shares of the company’s stock worth $173,000 after buying an additional 2,617 shares in the last quarter. 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.