Schneider National (NYSE:SNDR) Upgraded at Bank of America

Bank of America upgraded shares of Schneider National (NYSE:SNDR) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Bank of America currently has $32.00 price objective on the stock.

Other analysts have also recently issued reports about the company. Susquehanna boosted their price target on Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday. National Bankshares set a $21.00 price objective on Schneider National in a report on Friday, October 31st. Erste Group Bank raised shares of Schneider National from a “hold” rating to a “buy” rating in a report on Thursday, September 11th. Citigroup increased their target price on shares of Schneider National from $23.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Schneider National from $23.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Schneider National has an average rating of “Moderate Buy” and an average price target of $27.93.

Schneider National Stock Up 1.2%

SNDR opened at $28.90 on Friday. The company has a market cap of $5.07 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.08. Schneider National has a twelve month low of $20.11 and a twelve month high of $31.19. The company has a 50-day moving average price of $24.79 and a 200 day moving average price of $24.26. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.17.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). Schneider National had a return on equity of 4.04% and a net margin of 2.03%.The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. Sell-side analysts expect that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, December 12th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.3%. Schneider National’s dividend payout ratio is currently 59.38%.

Hedge Funds Weigh In On Schneider National

A number of institutional investors have recently bought and sold shares of SNDR. Elevation Point Wealth Partners LLC purchased a new stake in shares of Schneider National in the 2nd quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd raised its position in shares of Schneider National by 2,425.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after buying an additional 1,625 shares during the period. KBC Group NV lifted its holdings in Schneider National by 86.3% in the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after acquiring an additional 1,061 shares during the last quarter. Quarry LP grew its position in Schneider National by 36.7% in the third quarter. Quarry LP now owns 3,404 shares of the company’s stock worth $72,000 after acquiring an additional 913 shares during the period. Finally, Hantz Financial Services Inc. grew its position in Schneider National by 2,943.5% in the second quarter. Hantz Financial Services Inc. now owns 3,500 shares of the company’s stock worth $85,000 after acquiring an additional 3,385 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.