Schneider National, Inc. $SNDR Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in shares of Schneider National, Inc. (NYSE:SNDR) by 29.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,712 shares of the company’s stock after acquiring an additional 36,117 shares during the period. Allianz Asset Management GmbH owned about 0.09% of Schneider National worth $3,316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Schneider National by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 239,174 shares of the company’s stock valued at $5,061,000 after buying an additional 7,185 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Schneider National during the 3rd quarter worth $1,165,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Schneider National by 6.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 63,285 shares of the company’s stock worth $1,339,000 after purchasing an additional 4,053 shares during the last quarter. Inscription Capital LLC acquired a new stake in shares of Schneider National in the 3rd quarter valued at about $684,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake 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 buying an additional 1,429 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDR has been the subject of a number of research analyst reports. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Friday, January 9th. TD Cowen cut their price target on Schneider National from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Benchmark restated a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. UBS Group reaffirmed a “neutral” rating on shares of Schneider National in a research report on Friday, January 30th. Finally, Susquehanna raised their target price on Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and an average price target of $28.43.

Schneider National Price Performance

NYSE SNDR opened at $29.73 on Thursday. Schneider National, Inc. has a 12 month low of $20.11 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.23 and a quick ratio of 1.93. The firm has a market capitalization of $5.21 billion, a PE ratio of 50.39, a P/E/G ratio of 0.95 and a beta of 1.08. The company’s 50 day simple moving average is $28.18 and its 200 day simple moving average is $24.90.

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

Schneider National Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.3%. This is a boost from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 13th. Schneider National’s dividend payout ratio (DPR) is presently 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 repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Schneider National 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.