Fintel reports that on July 6, 2023, Benchmark reiterated coverage of Schneider National Inc – Class B (NYSE:SNDR) with a Buy recommendation.
Analyst Price Forecast Suggests 19.24% Upside
As of July 6, 2023, the average one-year price target for Schneider National Inc – Class B is 33.15. The forecasts range from a low of 24.24 to a high of $39.90. The average price target represents an increase of 19.24% from its latest reported closing price of 27.80.
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The projected annual revenue for Schneider National Inc – Class B is 6,725MM, an increase of 4.87%. The projected annual non-GAAP EPS is 2.26.
Schneider National Inc – Class B Declares $0.09 Dividend
On April 24, 2023 the company declared a regular quarterly dividend of $0.09 per share ($0.36 annualized). Shareholders of record as of June 9, 2023 will receive the payment on July 11, 2023. Previously, the company paid $0.09 per share.
At the current share price of $27.80 / share, the stock’s dividend yield is 1.29%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.20%, the lowest has been 0.85%, and the highest has been 1.57%. The standard deviation of yields is 0.15 (n=235).
The current dividend yield is 0.66 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.14. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.38%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 549 funds or institutions reporting positions in Schneider National Inc – Class B. This is an increase of 8 owner(s) or 1.48% in the last quarter. Average portfolio weight of all funds dedicated to SNDR is 0.12%, a decrease of 3.95%. Total shares owned by institutions decreased in the last three months by 1.00% to 55,768K shares. 
The put/call ratio of SNDR is 0.17, indicating a bullish outlook.
What are Other Shareholders Doing?
Aqr Capital Management holds 2,931K shares representing 1.64% ownership of the company. In it’s prior filing, the firm reported owning 3,008K shares, representing a decrease of 2.64%. The firm decreased its portfolio allocation in SNDR by 22.02% over the last quarter.
Massachusetts Financial Services holds 1,553K shares representing 0.87% ownership of the company. In it’s prior filing, the firm reported owning 1,469K shares, representing an increase of 5.43%. The firm decreased its portfolio allocation in SNDR by 81.83% over the last quarter.
First Trust Advisors holds 1,432K shares representing 0.80% ownership of the company. In it’s prior filing, the firm reported owning 1,444K shares, representing a decrease of 0.90%. The firm increased its portfolio allocation in SNDR by 9.85% over the last quarter.
GW&K Investment Management holds 1,424K shares representing 0.80% ownership of the company. In it’s prior filing, the firm reported owning 1,106K shares, representing an increase of 22.35%. The firm decreased its portfolio allocation in SNDR by 5.63% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,367K shares representing 0.77% ownership of the company. In it’s prior filing, the firm reported owning 1,144K shares, representing an increase of 16.30%. The firm increased its portfolio allocation in SNDR by 26.12% over the last quarter.
Schneider National Background Information
(This description is provided by the company.)
Schneider is a leading transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions and operating one of the largest for-hire trucking Feets in North America.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
