Schneider National (NYSE:SNDR) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat reports.
Several other equities research analysts have also recently issued reports on SNDR. Zacks Investment Research raised shares of Schneider National from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. BidaskClub raised shares of Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. UBS Group reaffirmed a “buy” rating and set a $30.00 price objective (up from $24.00) on shares of Schneider National in a research report on Friday, September 29th. Robert W. Baird reaffirmed a “buy” rating and set a $28.00 price objective on shares of Schneider National in a research report on Friday, October 6th. Finally, KeyCorp initiated coverage on shares of Schneider National in a research report on Tuesday, October 10th. They set a “sector weight” rating for the company. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.11.
Schneider National (SNDR) traded down $0.14 during trading on Thursday, hitting $27.70. 904,238 shares of the stock traded hands, compared to its average volume of 786,250. Schneider National has a 1-year low of $17.69 and a 1-year high of $29.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 1.93.
In related news, insider Steven J. Matheys sold 62,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.20, for a total value of $1,512,500.00. Following the completion of the sale, the insider now directly owns 816,014 shares of the company’s stock, valued at $19,747,538.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher B. Lofgren sold 600,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $14,520,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,597,420 shares of the company’s stock, valued at $38,657,564. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,258,500 shares of company stock valued at $30,533,900.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in Schneider National in the second quarter valued at $1,935,000. Engineers Gate Manager LP acquired a new position in Schneider National in the third quarter valued at $970,000. Farmers & Merchants Investments Inc. acquired a new position in Schneider National in the third quarter valued at $3,807,000. Stifel Financial Corp acquired a new position in Schneider National in the second quarter valued at $2,489,000. Finally, Goldman Sachs Group Inc. acquired a new position in Schneider National in the second quarter valued at $3,697,000. 21.45% of the stock is owned by hedge funds and other institutional investors.
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About Schneider National
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.
