Thrivent Financial for Lutherans Reduces Stake in Schneider National, Inc. $SNDR

Thrivent Financial for Lutherans cut its stake in shares of Schneider National, Inc. (NYSE:SNDR) by 67.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,611 shares of the company’s stock after selling 1,448,962 shares during the period. Thrivent Financial for Lutherans owned 0.40% of Schneider National worth $14,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Schneider National in the 3rd quarter worth approximately $1,165,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Schneider National by 6.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 63,285 shares of the company’s stock worth $1,339,000 after buying an additional 4,053 shares during the last quarter. Inscription Capital LLC purchased a new position in Schneider National during the third quarter worth $684,000. Wealth Enhancement Advisory Services LLC increased its position in Schneider National by 7.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,594 shares of the company’s stock valued at $467,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Amalgamated Bank increased its position in Schneider National by 3.2% during the third quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock valued at $312,000 after acquiring an additional 462 shares during the last quarter. 28.54% of the stock is owned by institutional investors.

Schneider National Stock Performance

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

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. As a group, equities analysts forecast that Schneider National, Inc. will post 1.12 earnings per share for the current year.

Schneider National Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. This is an increase from Schneider National’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, March 13th. Schneider National’s payout ratio is 64.41%.

Schneider National declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 28th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Wednesday, December 3rd. Benchmark reissued a “buy” rating on shares of Schneider National in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a research report on Monday, December 29th. Evercore ISI increased their price target on Schneider National from $21.00 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, January 13th. Finally, Wells Fargo & Company dropped their price objective on Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and a consensus target price of $28.71.

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.