Schneider National (SNDR) Downgraded to “Underperform” at Wolfe Research

Schneider National (NYSE:SNDR) was downgraded by analysts at Wolfe Research from a “market perform” rating to an “underperform” rating in a research report issued on Monday, The Fly reports.

SNDR has been the subject of several other reports. Morgan Stanley boosted their price objective on shares of Schneider National from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. KeyCorp started coverage on shares of Schneider National in a research report on Tuesday, October 10th. They issued a “sector weight” rating for the company. Buckingham Research started coverage on shares of Schneider National in a research report on Friday, October 20th. They issued a “buy” rating and a $29.00 price target for the company. Citigroup cut shares of Schneider National from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $30.00 price target on shares of Schneider National in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $29.70.

Schneider National (NYSE SNDR) traded down $1.29 during trading on Monday, reaching $27.79. 320,962 shares of the company’s stock traded hands, compared to its average volume of 640,062. The stock has a market cap of $5,143.64 and a PE ratio of 12.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.93 and a current ratio of 2.12. Schneider National has a 12 month low of $17.69 and a 12 month high of $30.00.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Schneider National had a net margin of 8.89% and a return on equity of 10.98%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. research analysts predict that Schneider National will post 1.38 earnings per share for the current year.

In related news, CFO Lori A. Lutey sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $1,331,000.00. Following the completion of the transaction, the chief financial officer now owns 605,996 shares in the company, valued at approximately $14,665,103.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher B. Lofgren sold 600,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.20, for a total transaction of $14,520,000.00. Following the transaction, the chief executive officer now owns 1,597,420 shares of the company’s stock, valued at approximately $38,657,564. The disclosure for this sale can be found here. Insiders sold a total of 1,258,500 shares of company stock valued at $30,533,900 in the last ninety days.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP raised its stake in shares of Schneider National by 81.1% during the 4th quarter. Engineers Gate Manager LP now owns 69,386 shares of the company’s stock worth $1,982,000 after acquiring an additional 31,062 shares in the last quarter. 1060 Capital LLC raised its stake in shares of Schneider National by 134.8% during the 4th quarter. 1060 Capital LLC now owns 539,826 shares of the company’s stock worth $15,417,000 after acquiring an additional 309,871 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Schneider National during the 4th quarter worth approximately $2,520,000. Farmers & Merchants Investments Inc. raised its stake in shares of Schneider National by 1.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 153,217 shares of the company’s stock worth $4,376,000 after acquiring an additional 2,757 shares in the last quarter. Finally, Legato Capital Management LLC raised its stake in shares of Schneider National by 42.5% during the 4th quarter. Legato Capital Management LLC now owns 25,403 shares of the company’s stock worth $726,000 after acquiring an additional 7,574 shares in the last quarter. Hedge funds and other institutional investors own 21.28% of the company’s stock.

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Schneider National Company Profile

Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.

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