Thrivent Financial for Lutherans Lowers Stock Position in Schneider National, Inc. $SNDR

Thrivent Financial for Lutherans cut its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 67.3% during the third quarter, Holdings Channel.com reports. The firm owned 702,611 shares of the company’s stock after selling 1,448,962 shares during the period. Thrivent Financial for Lutherans’ holdings in Schneider National were worth $14,867,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Schneider National by 19.1% during the 1st quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock valued at $3,702,000 after acquiring an additional 26,015 shares in the last quarter. Millennium Management LLC bought a new position in shares of Schneider National in the 1st quarter worth $7,477,000. Empowered Funds LLC lifted its stake in shares of Schneider National by 12.0% during the 1st quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock worth $319,000 after purchasing an additional 1,494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Schneider National by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock worth $4,077,000 after purchasing an additional 27,180 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Schneider National by 120.5% during the first quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock valued at $2,071,000 after purchasing an additional 49,511 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SNDR. JPMorgan Chase & Co. reduced their target price on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Benchmark reaffirmed a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Wells Fargo & Company reduced their price objective on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 30th. Evercore ISI raised their target price on shares of Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and cut their price target for the stock from $32.00 to $26.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Schneider National currently has an average rating of “Hold” and a consensus price target of $28.71.

Schneider National Stock Performance

Shares of Schneider National stock opened at $29.35 on Wednesday. The company has a 50 day moving average price of $27.39 and a 200 day moving average price of $24.72. The firm has a market capitalization of $5.15 billion, a P/E ratio of 49.75, a PEG ratio of 0.86 and a beta of 1.08. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.13. Schneider National, Inc. has a 52 week low of $20.11 and a 52 week high of $30.98.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a net margin of 1.83% and a return on equity of 3.66%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. Sell-side analysts expect that Schneider National, Inc. will post 1.12 EPS for the current year.

Schneider National declared that its Board of Directors has authorized a share repurchase plan on Wednesday, January 28th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Schneider National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be paid a $0.10 dividend. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Schneider National’s dividend payout ratio (DPR) is 64.41%.

Schneider National Company Profile

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.