Schneider National (SNDR) Downgraded to “Underperform” at Bank of America

Schneider National (NYSE:SNDR) was downgraded by equities researchers at Bank of America from a “buy” rating to an “underperform” rating in a report issued on Thursday, The Fly reports.

SNDR has been the subject of several other reports. Zacks Investment Research raised shares of Schneider National from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, May 2nd. ValuEngine raised shares of Schneider National from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Morgan Stanley boosted their price target on shares of Schneider National from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Credit Suisse Group boosted their price target on shares of Schneider National from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, April 27th. Finally, Stifel Nicolaus initiated coverage on shares of Schneider National in a research report on Friday, June 29th. They issued a “hold” rating and a $29.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.33.

Schneider National opened at $27.33 on Thursday, MarketBeat reports. The firm has a market cap of $4.86 billion, a PE ratio of 29.07, a PEG ratio of 1.40 and a beta of 0.89. Schneider National has a 12-month low of $20.18 and a 12-month high of $30.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.41 and a quick ratio of 2.27.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Schneider National had a net margin of 9.28% and a return on equity of 11.61%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. sell-side analysts forecast that Schneider National will post 1.51 earnings per share for the current year.

In related news, insider Steven J. Matheys sold 30,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $26.95, for a total value of $808,500.00. Following the completion of the sale, the insider now directly owns 778,897 shares of the company’s stock, valued at $20,991,274.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 43.46% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its stake in Schneider National by 178.6% in the fourth quarter. Guggenheim Capital LLC now owns 73,750 shares of the company’s stock valued at $2,106,000 after purchasing an additional 47,283 shares during the period. Teachers Advisors LLC increased its stake in Schneider National by 25.8% in the fourth quarter. Teachers Advisors LLC now owns 73,334 shares of the company’s stock valued at $2,094,000 after purchasing an additional 15,063 shares during the period. TIAA CREF Investment Management LLC increased its stake in Schneider National by 102.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 168,795 shares of the company’s stock valued at $4,821,000 after purchasing an additional 85,298 shares during the period. MetLife Investment Advisors LLC acquired a new position in Schneider National in the fourth quarter valued at $551,000. Finally, Wells Fargo & Company MN increased its stake in Schneider National by 32.6% in the first quarter. Wells Fargo & Company MN now owns 158,675 shares of the company’s stock valued at $4,136,000 after purchasing an additional 39,030 shares during the period. 24.94% of the stock is owned by hedge funds and other institutional investors.

About Schneider National

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.

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