Credit Suisse Group initiated coverage on shares of Schneider National (NYSE:SNDR Get Rating) in a research report released on Monday, The Fly reports. The brokerage issued an outperform rating on the stock.<\/p>\n
SNDR has been the subject of a number of other reports. Susquehanna Bancshares upgraded shares of Schneider National from a neutral rating to a positive rating and raised their price target for the stock from $29.00 to $32.00 in a report on Friday, March 4th. Bank of America lowered shares of Schneider National from a buy rating to an underperform rating and set a $23.00 price objective on the stock. in a research note on Friday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of Schneider National from $27.00 to $23.00 and set an underweight rating on the stock in a research note on Friday, April 8th. Susquehanna raised shares of Schneider National from a neutral rating to a positive rating and raised their price objective for the company from $29.00 to $32.00 in a research note on Friday, March 4th. Finally, KeyCorp dropped their price objective on shares of Schneider National from $32.00 to $28.00 and set an overweight rating on the stock in a research note on Monday, April 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the companys stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $28.40.<\/p>\n
Shares of NYSE SNDR opened at $22.78 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.88 and a current ratio of 1.92. Schneider National has a 52-week low of $20.48 and a 52-week high of $27.50. The firm has a 50 day moving average price of $23.35 and a two-hundred day moving average price of $24.77. The stock has a market cap of $4.05 billion, a P\/E ratio of 9.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. <\/p>\n
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Friday, June 10th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, June 9th. Schneider Nationals payout ratio is currently 12.85%. <\/p>\n
In other news, EVP David L. Geyer sold 16,000 shares of the companys stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $24.71, for a total value of $395,360.00. Following the sale, the executive vice president now directly owns 100,096 shares of the companys stock, valued at approximately $2,473,372.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 32.97% of the stock is currently owned by insiders. <\/p>\n
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Schneider National by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,816,076 shares of the companys stock valued at $122,810,000 after acquiring an additional 244,894 shares during the period. BlackRock Inc. lifted its stake in Schneider National by 1.8% during the 1st quarter. BlackRock Inc. now owns 4,137,866 shares of the companys stock valued at $105,515,000 after acquiring an additional 71,701 shares during the period. Dimensional Fund Advisors LP lifted its stake in Schneider National by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,396 shares of the companys stock valued at $52,239,000 after acquiring an additional 34,672 shares during the period. State Street Corp lifted its stake in Schneider National by 12.6% during the 1st quarter. State Street Corp now owns 1,744,989 shares of the companys stock valued at $44,635,000 after acquiring an additional 195,165 shares during the period. Finally, First Trust Advisors LP lifted its stake in Schneider National by 21.8% during the 1st quarter. First Trust Advisors LP now owns 1,448,898 shares of the companys stock valued at $36,947,000 after acquiring an additional 258,986 shares during the period. 71.56% of the stock is currently owned by institutional investors. <\/p>\n
Schneider National Company Profile (Get Rating)<\/p>\n
Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.<\/p>\n
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Schneider National (NYSE:SNDR) Now Covered by Analysts at Credit Suisse Group - Defense World<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Credit Suisse Group initiated coverage on shares of Schneider National (NYSE:SNDR Get Rating) in a research report released on Monday, The Fly reports. Continue reading