Associated Banc Corp Makes New $3.41 Million Investment in Schneider National, Inc. $SNDR

Key Points

• Associated Banc Corp opened a new position in Schneider National, acquiring 107,094 shares worth approximately $3.41 million, or about 0.06% of the company.
• Schneider National reported quarterly EPS of $0.29, missing estimates by $0.01, while revenue of $1.59 billion topped expectations and rose 9.2% year over year.
• Analysts overall rated the stock a Hold, with a consensus price target of $33.08; the company also declared a quarterly dividend of $0.10 per share.

Associated Banc Corp acquired a new stake in shares of Schneider National, Inc. (NYSE:SNDR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,094 shares of the company's stock, valued at approximately $3,411,000. Associated Banc Corp owned about 0.06% of Schneider National at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SNDR. State of Wyoming lifted its position in Schneider National by 111.1% during the 3rd quarter. State of Wyoming now owns 23,733 shares of the company's stock valued at $756,000 after acquiring an additional 12,490 shares during the period. Crystal Rock Capital Management bought a new position in shares of Schneider National during the third quarter valued at approximately $1,785,000. VestGen Advisors LLC lifted its holdings in shares of Schneider National by 36.0% during the third quarter. VestGen Advisors LLC now owns 8,105 shares of the company's stock valued at $258,000 after purchasing an additional 2,146 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new position in shares of Schneider National during the third quarter valued at approximately $46,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Schneider National by 118.1% during the third quarter. Nisa Investment Advisors LLC now owns 5,392 shares of the company's stock valued at $172,000 after purchasing an additional 2,920 shares during the last quarter. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Trading Up 0.7%

Shares of NYSE:SNDR opened at $29.76 on Thursday. The stock has a 50 day moving average of $32.12 and a 200 day moving average of $31.90. The company has a market cap of $5.22 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.21. The company has a current ratio of 2.06, a quick ratio of 1.94 and a debt-to-equity ratio of 0.12. Schneider National, Inc. has a 12-month low of $20.51 and a 12-month high of $39.27.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.58 billion. Schneider National had a return on equity of 4.82% and a net margin of 2.38%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, equities research analysts expect that Schneider National, Inc. will post 1.05 EPS for the current year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 12th. Stockholders of record on Friday, December 11th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 11th. Schneider National's dividend payout ratio (DPR) is presently 49.38%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNDR shares. Zacks Research lowered shares of Schneider National from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 7th. Stephens upgraded shares of Schneider National to a "hold" rating in a report on Wednesday, July 8th. Wall Street Zen downgraded shares of Schneider National from a "buy" rating to a "hold" rating in a research report on Saturday, October 31st. Weiss Ratings upgraded shares of Schneider National from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Finally, Benchmark reaffirmed a "buy" rating on shares of Schneider National in a research report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $33.08.

About Schneider National

Schneider National, Inc NYSE: SNDR is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider's services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.

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