Thrivent Financial for Lutherans Grows Stake in Schneider National, Inc. (NYSE:SNDR)

Thrivent Financial for Lutherans boosted its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,914,631 shares of the company’s stock after acquiring an additional 48,905 shares during the period. Thrivent Financial for Lutherans’ holdings in Schneider National were worth $83,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in Schneider National in the second quarter valued at $53,000. DekaBank Deutsche Girozentrale purchased a new stake in Schneider National during the third quarter valued at about $73,000. Hilltop National Bank raised its holdings in shares of Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC acquired a new position in shares of Schneider National in the 3rd quarter valued at about $109,000. Finally, Hills Bank & Trust Co purchased a new stake in shares of Schneider National during the 3rd quarter worth about $112,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Stock Down 1.2 %

Shares of NYSE:SNDR opened at $30.21 on Monday. The firm has a market cap of $5.29 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 3.67 and a beta of 0.85. The company has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $25.75. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National, Inc. has a 12-month low of $20.50 and a 12-month high of $32.14.

Schneider National (NYSE:SNDR) last released its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. On average, equities research analysts anticipate that Schneider National, Inc. will post 0.7 EPS for the current fiscal year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s dividend payout ratio is presently 61.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SNDR shares. Susquehanna reduced their price target on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Evercore ISI lowered their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and lowered their target price for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus raised their target price on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Schneider National has a consensus rating of “Hold” and an average price target of $28.31.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.