Thrivent Financial for Lutherans Has $69.24 Million Position in Schneider National, Inc. (NYSE:SNDR)

Thrivent Financial for Lutherans increased its holdings in Schneider National, Inc. (NYSE:SNDR) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,865,726 shares of the company’s stock after purchasing an additional 30,113 shares during the period. Thrivent Financial for Lutherans owned approximately 1.63% of Schneider National worth $69,236,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Schneider National by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,088 shares of the company’s stock valued at $16,748,000 after acquiring an additional 38,782 shares during the period. Principal Securities Inc. acquired a new position in Schneider National in the fourth quarter valued at about $48,000. Norges Bank bought a new stake in Schneider National during the fourth quarter worth about $11,027,000. Quest Partners LLC bought a new stake in Schneider National during the fourth quarter worth about $102,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Schneider National during the fourth quarter worth approximately $240,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

Analysts Set New Price Targets

SNDR has been the topic of a number of research analyst reports. Wells Fargo & Company began coverage on Schneider National in a research report on Friday, June 7th. They set an “equal weight” rating and a $23.00 price target on the stock. Bank of America downgraded shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price target on the stock. in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of Schneider National from $24.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Susquehanna upped their target price on shares of Schneider National from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Schneider National presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Activity

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the sale, the insider now directly owns 55,726 shares in the company, valued at approximately $1,538,037.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 32.68% of the stock is currently owned by company insiders.

Schneider National Stock Performance

Shares of NYSE:SNDR opened at $27.86 on Friday. The firm’s 50 day simple moving average is $26.73 and its 200 day simple moving average is $23.88. Schneider National, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $28.97. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 2.58 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Schneider National, Inc. will post 0.85 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, September 13th. Schneider National’s dividend payout ratio is currently 43.18%.

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.